Question

Erik has a $5 dollar bill. He uses it to pay for soda and a hamburger. What form of financial exchange is this?


A. credit card

B. currency

C. deposit money

D. bankers' deposits

E. debit card

Answer 1

The form of financial exchange Erik uses is B. currency.

Answer 2

Answer:

B. Currency

Explanation:

First of all, we know that it isn't a credit card or a debit card because Erik has physical money in his hand so we can eliminate A and E. Then because he isn't depositing money we can eliminate C and D, leaving B.