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Debit/Credit Cards

Authored by Janet Dover

Business

8th Grade

Used 3+ times

Debit/Credit Cards
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You borrow money from a lending institution and pay back some or all of it each month

Credit Card

Debit Card

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money comes directly out of your checking account.

Debit Card

Credit Card

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When your card is used, the credit card company pays the vendor for the purchase.

Debit card

Credit card

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When your card is used, the funds are transferred from your bank account.

Debit card

Credit card

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You have a limit on how much you can borrow, typically based on your creditworthiness.

Debit card

Credit card

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You can access only the money available in your account or you may face potential fees.

Debit card

Credit card

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are some potential charges that you could have if you use a credit card?

Interest is charged if you don’t pay your bill in full.

Fees may be given for withdrawing more money than what is in your account

Transaction fee

all of the above

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