Credit Cards

Credit Cards

12th Grade

20 Qs

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Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Paula Podber

Used 7+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

This card is linked to a checking account

Credit

Debit

Both

2.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Users can set up a personal security code called a PIN number

Credit

Debit

Both

3.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Customers spend the money in their accounts at the time of purchase

Credit

Debit

Both

4.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Users borrow money from the bankk on the card and pay it at a later time

Credit

Debit

Both

5.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Purchases are subject to interest charges if the balance is not paid in full

Credit

Debit

Both

6.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Users can sometimes be responsible for an annual fee or other penalties

Credit

Debit

Both

7.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Media Image

What is an annual fee?

The act of transferring money

A fee charged by a card issuer for being a card holder.

The days between the last statement and the current statement.

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