JA Debit vs Credit Quiz Review

Which is an example of a financial institution?

• school

• bank

• credit union

• ATM

Who uses financial institutions?

• anyone with an account at that instituion

• no one

• rich people

A debit card is handy in an emergency.

• true

• false

A debit card is a buy now pay now option.

• true

• false

A credit card is handy in emergencies.

• true

• false

A bank is a for profit institution.

• true

• false

One benefit of a credit card is to establish a credit history.

• true

• fales

Credit cards are a buy now pay later option.

• true

• false

Creating a secure password when banking online is a safety tip.

• true

• false

Credit cards allow you to make purchases for items you didn't save for or do not have money to purchase.

• true

• false