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Methods of Payment

Mathematics

8th Grade

CCSS covered

Used 7+ times

Methods of Payment
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22 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is an advantage of using a credit card?

Interest is charged for the use of a credit card.

Consumers can purchase things now, and pay for them later in the event of an emergency.

You could be a victim of identity theft.

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The purchase amount is immediately removed from a linked account.

Debit Card

Credit Card

Stored-Value Card

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Payments can be made in the future.

Debit Card

Credit Card

Stored Value Card

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

There is an assigned spending limit.

Debit Card

Credit Card

Stored Value Card

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Your credit rating is affected.

Debit Card

Credit Card

Store Value Card

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If you make only the minimum payment each month, you will pay more in interest and it will take longer to pay off the balance.

Debit Card

Credit Card

Store Value Card

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Which payment method would be the best choice for the following scenario:

You need to purchase a new Air Conditioning unit for your house. You do not have the funds available currently to cover the full cost. You will need to pay in installments.

Debit Card

Credit Card

Cashier's Check

Money Order

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