Credit Card vs. Debit Card

Credit Card vs. Debit Card

8th Grade

10 Qs

quiz-placeholder

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Credit Card vs. Debit Card

Credit Card vs. Debit Card

Assessment

Quiz

Life Skills

8th Grade

Practice Problem

Medium

Created by

Lisa Canty

Used 46+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which card directly withdraws money from your bank account at the time of transaction?

Credit card

Debit card

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which card allows you to borrow money up to a certain limit set by the issuer?

Credit card

Debit card

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What typically happens when you use a credit card and do not pay off the balance each month?

The balance does not change

You are charged interest on the remaining balance

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which card usually requires a PIN (Personal Identification Number) for transactions?

Credit card

Debit card

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which card can help you build a credit history?

Credit card

Debit card

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common benefit of using a credit card responsibly?

Decreased purchasing power

Rewards like cash back or travel points

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which card is directly linked to your checking or savings account?

Credit card

Debit card

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