Untitled Quiz

A small, plastic card that is used to remove money from a checking account for a payment

(a)  

What is it?

• bills (cash)
• dollar
• coins
• receipt

You will have a (an) ......... if you spend money money from your account.

• avarage balance

• overdraft

• checkbook

When you take money from an account

• withdrawal

• deposit

• change

What do you mean Banking?

• Business Activity of Accepting money only

• Business Activity of Lending out money only

• business activity to earn a profit

• All

Using a credit card is more dangerous than carrying a large amount of cash.

• True

• False

Using a credit card is like taking out a loan.

• True

• False

Credit is a way to buy now and pay later.

• True

• False

You may need a credit card to get _______. (More than one correct answer)

• airline tickets

• hotel rooms

• rental cars

• theme park tickets

How is charging a purchase like getting a loan?

• You borrow money from your credit provider.
• You borrow money from the store in order to pay your credit provider.
• You borrow money from an ATM in order to pay your credit provider.