Credit cards, debit cards, credit scores quiz Form A for GRA

Brady took his family out to eat. He handed the waitress a card to purchase the meal. This charge appeared on a bill that he paid three weeks later. What type of card is this?

• Credit Card

• Debit Card

• Credit Card & Debit Card

A PIN (Personal Identification Number). What type of card is this?

• Credit Card

• Debit Card

• Credit Card & Debit Card

Hefty fees may be charged if you spend more than what is in the account. What type of card is this?

• Credit Card

• Debit Card

• Credit Card & Debit Card

Each purchase is a loan that is repaid later. What type of card is this?

• Credit Card

• Debit Card

• Credit Card & Debit Card

Eric purchased a movie ticket with his card. This money will come straight out of his checking account. What type of card is this?

• Credit Card

• Debit Card

• Credit Card & Debit Card

TRUE or FALSE A credit card IS a good idea for small, everyday expenses like buying food at McDonald's.

• TRUE

• FALSE

A form you fill out to credit money to your account when you make a deposit.

• Check

• Check Register

• Account

• Deposit Slip

Money taken out of your checking account.

• withdrawal

• deposit

• endorsement

• outstanding

I should review my credit report for errors.

• True
• False

Capacity to pay will be taken into account when you apply for a credit card or loan.

• Myth
• Fact