Credit Card vs. Debit Card

Credit Card vs. Debit Card

Assessment

Flashcard

Mathematics

6th Grade

Hard

CCSS
7.RP.A.3

Standards-aligned

Created by

Wayground Content

FREE Resource

Student preview

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15 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is a checking account?

Back

An account where money can easily be deposited and withdrawn by means of checks, debit cards, and ATM transactions.

2.

FLASHCARD QUESTION

Front

What does a debit card do?

Back

A debit card withdraws money directly from a checking or savings account when a purchase is made.

3.

FLASHCARD QUESTION

Front

What does a credit card do?

Back

A credit card allows you to make purchases on credit, meaning each purchase is a loan that you repay later.

4.

FLASHCARD QUESTION

Front

What happens if you don't pay your credit card bill on time?

Back

You can be charged a late fee if the payment is not made within the due date.

5.

FLASHCARD QUESTION

Front

What should you do if your card is lost or stolen?

Back

Report it immediately to your bank or card issuer.

6.

FLASHCARD QUESTION

Front

What is the main difference between a debit card and a credit card?

Back

A debit card uses your own money from your bank account, while a credit card allows you to borrow money up to a certain limit.

7.

FLASHCARD QUESTION

Front

Can you earn rewards with a credit card?

Back

Yes, many credit cards offer rewards programs for purchases made with the card.

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