BTEC Business Unit 3 Finance Revision Exam With 100% Correct And Verified Answers
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Course
BTEC
Institution
BTEC
BTEC Business Unit 3 Finance Revision Exam With 100% Correct And Verified Answers
Cash - Correct Answer-Money in the form of bills or coins
Debit card - Correct Answer-A card used to withdraw money from a bank account
Credit card - Correct Answer-A card authorizing the holder to buy goods an...
CHAPS - Correct Answer-Clearing House
Automated Payments System
Standard current account - Correct Answer-
Account with full banking facilities
Premium current account - Correct Answer-An
account with a fee entitling the user to extra
services
Basic current account - Correct Answer-Account
with limited facilities usually used by someone with
a poor credit rating
Student account - Correct Answer-Account
designed to assist young people to become prudent
with their personal finances
Overdraft - Correct Answer-Occurs when money is
withdrawn from a bank account and the available
balance goes below zero
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