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SCMP Reporter

Match the correct meanings
1 Barter
2 Bounced cheque
3 Mobile Web payment
4 Clearing
5 Settlement
a) the bank turns it down because there isn't enough money in the account
b) when the payment is actually transferred to the seller's account
c) to  exchange something  for another commodity
d) payment made through a mobile phone
e) various checks and operations done before a transaction is paid
Here are a few activities you can research on this week's topic:
1 What are the  types of payment used in Hong Kong? Which is the most popular?
2 Make a spreadsheet with the advantages and disadvantages of each payment type.
3 Imagine you didn't have cash for one month.  List your expenses and think how you would pay. Would that have an impact on your spending habits?
Answers
1. c, 2. a, 3. d, 4. e, 5. b



quiz time