Debit or Credit

Debit or Credit

Do you know the difference between these two cards?

Multiple Choice

1. Your sister goes to an ATM and withdraws money from her checking account.

• Debit

• Credit

Multiple Choice

2. Last month Eric used a card to purcahse a new computer from a popular electronics store. When the bill arrived he realized he only had enough to make the minimum payment.

• Debit

• Credit

Multiple Choice

3. Jenna used her card to purcahse a present for her friend's birthday. When she received her monthly statement, it was $15 more than she anticipated. She then realized that the card's annual fee was added to her balance.

• Debit

• Credit

Multiple Choice

8. Lynda gets an alert through her mobile banking app notifying her that the latest purchase she made has caused her account to go into the negative. The fee for over drafting her account is $35.

• Debit

• Credit

Multiple Choice

9. Cameron has been putting his allowance into a checking account that his aunt opened for him. He decides use some of the money to buy a concert ticket online.

• Debit

• Credit

Multiple Choice

4. You're out grocery shopping with your grandmother. When paying for the groceries the cashier asks her to enter her pin number into the kiosk.

• Debit

• Credit

Multiple Choice

5. Your mom returned a pair of pants she purcahsed that were the wrong size. A few days later she checks her online bank statement to see if the money had been returned to her checking account.

• Debit

• Credit

Multiple Choice

6. Your parents have made you an authorized user on their account and have given you a card to use to get your back to school supplies.

• Debit

• Credit

Multiple Choice

7. The family car was in need of a few repairs. Your dad pays for the repairs with a card and says, "We don't have enough to cover the costs right now. I will have to put this on my card and pay the bill when I get paid."

• Debit

• Credit