Chapter 3

Payment Instruments

Cash, cards, cheques and e-wallets — the different tools we use to pay.

Ways to pay

A payment instrument is a tool we use to pay for things. There are many kinds, and each is useful in a different way.

Key idea / 要点

Coins and notes are cash. Cards, cheques and e-wallets let us pay without carrying much cash.

Common instruments

  • Cash — coins and banknotes.
  • Debit card — pays straight from your bank account.
  • E-wallet — an app on a phone; pay by scanning a QR code.
  • Cheque — a written paper order to pay from a bank account.

Worked example / 例题

You pay RM100 cash for an item that costs RM85.
Change = RM100 − RM85 = RM15.

Remember / 记住

  • A card is safer than carrying lots of cash.
  • Keep your card and PIN secret.
  • Always check your change.

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