Forms of Payment When Travelling (Grade 12 NSC Matric Tourism): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
Which advantage is associated with Electronic Fund Transfers (EFT)?
Which advantage is associated with Electronic Fund Transfers (EFT)?
Global reach for sending money
What is another name for telegraphic transfers?
What is another name for telegraphic transfers?
SWIFT transfers
What makes bank drafts unique compared to personal cheques?
What makes bank drafts unique compared to personal cheques?
Funds drawn from bank's account
Which security risk is specifically mentioned for internet payments?
Which security risk is specifically mentioned for internet payments?
Hackers recording keystrokes
Why is foreign cash described as the riskiest payment method?
Why is foreign cash described as the riskiest payment method?
Cannot be recovered if lost/stolen
What is the main financial feature of credit cards?
What is the main financial feature of credit cards?
Borrow money at point of purchase
What are preloaded foreign currency debit cards also known as?
What are preloaded foreign currency debit cards also known as?
Cash passports
Which disadvantage affects traveller's cheques compared to bank card transactions?
Which disadvantage affects traveller's cheques compared to bank card transactions?
Poor exchange rates
Which payment method offers emergency access within 24 hours abroad?
Which payment method offers emergency access within 24 hours abroad?
SWIFT transfers
What strategy do experienced travellers recommend for payment methods?
What strategy do experienced travellers recommend for payment methods?
Use a combination of methods