Methods of Payments (Junior Cert Home Economics): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What is an advantage of using cash for payments?
What is an advantage of using cash for payments?
Less likely to overspend
What is a disadvantage of using cash?
What is a disadvantage of using cash?
It's not secure if lost or stolen
What does a credit card allow you to do?
What does a credit card allow you to do?
Buy now, pay later
When do credit card users avoid paying extra interest?
When do credit card users avoid paying extra interest?
When the bill is paid in full
What is a disadvantage of credit cards?
What is a disadvantage of credit cards?
High interest rates make goods cost more
What can happen if credit card bills aren't paid on time?
What can happen if credit card bills aren't paid on time?
Debt can build up
What is a key feature of PayPal as a payment system?
What is a key feature of PayPal as a payment system?
Sellers don't see your card details
What is an advantage of using PayPal?
What is an advantage of using PayPal?
It reduces risk of online fraud
What is a disadvantage of using PayPal?
What is a disadvantage of using PayPal?
It can encourage impulse buying
What is the maximum amount for tapping a debit card without a PIN?
What is the maximum amount for tapping a debit card without a PIN?
€30
What is an advantage of debit cards?
What is an advantage of debit cards?
They can be blocked if stolen
What happened in Ireland in 2016 regarding payment methods?
What happened in Ireland in 2016 regarding payment methods?
Debit card payments exceeded cash ones