
Credit and Debit Cards
Flashcard
•
Mathematics
•
6th Grade
•
Practice Problem
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a checking account?
Back
A personal bank account that allows you to withdraw money at any time using a cheque book or cash card.
2.
FLASHCARD QUESTION
Front
What type of card is used to make purchases directly from your bank account?
Back
Debit Card.
3.
FLASHCARD QUESTION
Front
When you use a debit card, whose money are you using?
Back
Your money.
4.
FLASHCARD QUESTION
Front
What is a credit card?
Back
A card that allows you to borrow money from the bank to make purchases, which you pay back later.
5.
FLASHCARD QUESTION
Front
Which card is useful for emergencies?
Back
Credit Card.
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.
7.
FLASHCARD QUESTION
Front
What does it mean to 'overdraw' your account?
Back
To withdraw more money than you have in your checking account, which can lead to fees.
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