BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Currency
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Credit Card
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Debit Card
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Detailed explanation-1: -Debit cards withdraw money directly from an attached bank account. A debit card payment usually doesn’t come with annual fees and does not charge payees interest, which can encourage use.
Detailed explanation-2: -Many customers will expect you to accept cash. You won’t have to pay any fees to accept cash. Customers might not want to make large purchases with cash. Storing cash at your place of business or home, or transporting it to the bank, can be dangerous.
Detailed explanation-3: -Businesses can accept payments in different ways, which include cash, card, and cheque payments. Moreover, advanced methods like digital fund transfers, mobile payments, and other online payments are becoming popular by the day.
Detailed explanation-4: -Alternative methods of payment are means of making a payment other than cash. Alternative methods of payment (AMOP) include payments made using a credit or debit card, loyalty program points, cryptocurrencies like bitcoin or digital wallets like Google Pay or Apple Pay. Another popular AMOP is Venmo.