Credit and Debit Cards Quiz
Authored by Gregory COLES
Life Skills
Used 2+ times
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a debit card?
A type of cryptocurrency
A payment method linked to your bank account
A payment method using someone else's money
A type of cash
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a credit card?
A payment method using someone else's money
A type of cryptocurrency
A type of cash
A payment method linked to your bank account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a benefit of using a debit card?
Access to emergency funds
Avoid paying interest on purchases
Earn rewards points
Ability to borrow money from the bank
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a benefit of using a credit card?
Earn rewards points
Access to emergency funds
Avoid paying interest on purchases
Ability to borrow money from the bank
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential downside of using a credit card?
Ability to borrow money from the bank
Access to emergency funds
Negative effect on credit if payments are missed
Avoid paying interest on purchases
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential downside of using a debit card?
Access to emergency funds
Avoid paying interest on purchases
Earn rewards points
Negative effect on credit if payments are missed
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a security feature of a debit card?
PIN for transaction security
Earn rewards points
Access to emergency funds
Ability to borrow money from the bank
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