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Financial Exchange Flashcards | StudBud
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Financial Exchange
Financial Exchange
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Flashcards
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Questions
10
Answers
1
The various ways of transferring money from one person to an entity or one-another is called?
Debit cards
Checks
ETF"S
Financial exchanges
2
whats it called when you sign a document that promises a specific amount to be paid like a check or money order?
Negotiable agreement
Check
Electronic funds transfer
In due course
3
A disadvantage of a credit card is that it always effects your credit score
True
False
4
Stock market exchanges are the same as Financial exchanges......
True
False
5
Someone who accepts the negotiable instrument in exchange for something of value is called?
Holder in due course
Grace period
Pomissory note
Stock holder
6
A promissory note is also called???
EFT
IOU
UOM
EFI
7
One disadvantage of using cash is:
It isnt accepted everywhere
Everyone carries it
It's easy to use
It has a grace period
8
Which is the preferred method of payment for making a hotel room reservation?
CREDIT CARD
DEBIT CARD
ELECTRONIC FUNDS TRANSFER
CASH
9
The following is true when considering writing a check or using a debit card.....
Its always better to write a check then use a debit card
You can always right a check for more then whats in your account
You must have a postive balance in your bank account
A promissory note is more valuable then receiving payment via debit card
10
There is a grace period for debit cards
True
False
