Methods of Payment

Methods of Payment

5th Grade

11 Qs

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Methods of Payment

Methods of Payment

Assessment

Quiz

Mathematics

5th Grade

Medium

CCSS
7.EE.B.3, 3.OA.D.8, RI.3.10

+4

Standards-aligned

Created by

Megan Ragle

Used 3+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which is an advantage of using cash?

It is accepted almost everywhere in the US.
You can spend more than you have. 
If you lose it, it is gone. 
It is safer than a card or check. 

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which method of payment should I use when making a small online purchase?

Cash
Credit Card
Debit Card
Check

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is a disadvantage of using a credit card?

It is easy to use.
You can spend more than you have. 
It can be used in emergencies.
Banks sometimes give rewards on credit cards. 

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which method of payment should I use when mailing money?

Check
Cash
Credit Card
Debit Card

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Steve has a good job as well as a checking and savings account. When he went to the store to buy groceries, his total was $45.23. However, he only had $30 in cash on him. How should he pay for his groceries?

Credit Card
Check
Debit Card
He should get more money from an ATM. 

Tags

CCSS.7.EE.B.3

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Mary has a part-time job. She can pay her bills but does not typically have much money left over. She gets into a car accident and must pay $400 for her car to be fixed. She only has $150 in her bank account and $24 in cash. How should she pay to fix her car?

Check
Cash
Credit Card
Debit Card

Tags

CCSS.3.OA.D.8

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the difference between Debit and Credit?

Debit uses money borrowed from the bank, Credit uses the money you already have.
Credit uses borrowed money or the bank's money, Debit uses your money.  
They are both cards, they are the same. 
Debit charges interest until the balance is paid. Credit does not because you are using your own own money. 

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