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SingaporeElements of Business SkillsQuick questions

Money and Financial Records

Quick questions on Methods of payment: N-Level Elements of Business Skills

3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.

What is cash?
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Cash is paying with notes and coins.
What is card?
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Card is paying with a debit or credit card, by tapping, inserting, or swiping.
What is electronic payment?
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Electronic payment is paying by phone or online, for example PayNow, an e-wallet, or scanning a QR code.

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