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Unit 3: Lesson 2 Debit & Credit

Authored by JOEY BOOZER

Life Skills

6th - 8th Grade

Used 6+ times

Unit 3: Lesson 2 Debit & Credit
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A legal process that gives a debtor protection from creditors.

debit

bankruptcy

foreclosure

check

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An online payment service that allows consumers to transfer money electronically.

Cash

Debit Card

Direct Deposit

Pay Pal

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount deducted from a bank account.

Debit

Credit

Cash

Paypal

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A legal process in which a lender takes possession of a property from a person who failed to make payments.

Check

Bankruptcy

Foreclosure

Cash App

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A card authorizing the holder to purchase goods and services that can be paid for later.

Debit Card

Credit Card

Cash

Check

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money in the form of bills or coins.

Debit

Paypal

Check

Cash

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A written order for a bank to pay money.

Cash

ATM

Check

Debit Card

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