Credit and Saving

Credit and Saving

9th - 12th Grade

23 Qs

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Credit and Saving

Credit and Saving

Assessment

Quiz

Other

9th - 12th Grade

Medium

Created by

Ngoc Nguyen

Used 2+ times

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23 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Each purchase is a loan that is paid later

Credit

Debit

Both

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You are charged interest on purchases

credit card

debit card

both

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Money is automatically taken out of a checking or savings account

Credit Card

Debit Card

Both

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

May cause unnecessary debt

Credit Card

Debit Card

Both

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

YOur dad takes the car to be inspected. Your dad pays with a card. The payment for the inspections shows up on his monthly bill for the card.

Credit card

debit card

both

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You can have overdraft fees

credit card

debit card

both

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Your family is on vacation and you need more cash. Your dad goes to the ATM and gets a $500 cash advance. He says, "just one more vacation expense we'll have to pay off when we get home."

Credit card

debit card

both

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