Whole lesson used to teach L3 Business Studies BTEC, however can be scaled down for lower years and suitable for any specification/scheme of work that covers personal finance.
Different ways to pay
The use of money as a payment method, advantages and disadvantages of:
• cash
• debit card
• credit card
• cheque
• electronic transfer
• direct debit
• standing order
• pre-paid cards
• contactless cards
• charge cards
• store cards
• mobile banking
• Banker’s Automated Clearing Services (BACS) Faster Payments Service (FPS)
• Clearing House Automated Payment System (CHAPS).
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