Credit and Debit cards - #1

It’s the end of August and you need school supplies. Your mom pays for them with her card. The bill for your school supplies shows up on her monthly card statement. It is small enough to pay now so she does not have to pay interest.

• Debit card
• Credit card

Interest may be charged.

• Debit card
• Credit card
• Both

If the card is lost or stolen, report it immediately.

• Debit Cards

• Credit Cards

• Both

More useful when you are short on cash in an emergency.

• Debit card

• Credit card

• Both

Convenient to use.

• Credit
• Debit
• Both

A debit card is handy in an emergency when you don't have the money to spend.

• True

• False

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

A debit card is a buy-now, pay-later payment type with a grace period for payments.

• True

• False

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Which is a disadvantage of a credit card?

• Credit cards are buy-now, pay later

• Credit cards provide fraud protection

• Credit cards charge interest

• Credit cards are the best way to pay for something online, because you can dispute a charge

Interest may be charged but can be avoided by paying the entire balance each month.

• Debit Card

• Credit Card

• Both

To avoid carrying cash, Ned pays for his lunch using this card. Each time he uses this card his checking account decreases. Which card did he use?

• Debit Card

• Credit Card

• Both