Credit, Debit, Gift Card, Savings Account Formative

Your mom goes to the ATM at the bank, uses her PIN and withdraws $300 from her checking account with her card. What type of card did she use?

• Credit Card

• Gift Card

• Debit Card

Denise goes to get her oil changed and she pays with her card. The price for the oil change shows up on a bill for the card that she gets at the end of the month. What type of card did she use?

• Gift Card

• Credit Card

• Debit Card

Brody goes to Gamestop and is going to buy a new PS5 controller. He has a card that has $100 on it. His controller ended up costing him $75 and he has $25 left over. What type of card did he use?

• Gift Card

• Debit Card

• Credit Card

Your grandma takes you out to get Culver's Ice Cream. She pays with a card and it withdraws $10 from her checking account. What card did she use?

• Debit Card

• Credit Card

• Gift Card

A debit card is a type of card that is associated with your checking account at your bank, that allows you to pay for your goods instantly from your checking account and to withdraw cash from the ATM.

• True

• False

Twelve year old you, wants to go to on a big vacation to Japan when you are 24. So you began taking all the money you have and put it into an account that will keep your money safe and that will build interest over time. What type of account did you put your money in?

• Checking

• Savings

• Money-Market

• Retirement

Your aunt buys you a new outfit for the first day of school. She uses a card and her bill is $56 of her $1,000 spending limit. She will have to pay off the $56 at the end of the month when she gets her bill. What type of card did she use?

• Gift Card

• Credit Card

• Debit Card

Your friends parent gets their monthly bill for their card. They have used so much that they can't pay off the total bill. They are very unhappy because they are going to have to pay interest on the bill for this card next month. What type of card is this?

• Debit Card

• Gift Card

• Credit Card

Matthew got a $40 gift card for Walmart for his birthday. Can he use this gift card at other retail stores, such as Target and Hy-Vee?

• Yes, he can.

• No, he can not.