Financial Lit. for Teens

What are the 3 types of cards used to make purchases?

• debit card

• greeting card

• credit card

• gift card

What is the difference between debit and credit cards?

• Debit cards uses someone else's money, and credit cards uses the cardholder's money.

• Credit cards uses someone else's money, and debit cards uses the cardholder's money.

• Both are prepaid cards that allow the user to put cash on them.

• Debit cards can only be used once, and credit cards can be used multiple times.

_________ is the exchange of money for services or products (goods).

__________ is gathering and storing money for future use.

Some debit cards permit the cardholder to make ______.

_______ is where debits, income, and credits are recorded. It is also known as a money tracker.

• Registry

• AR Log

• Quarterly Statement

• Monthly Statement

debit means

• add money in the account by the account holder.

• transfer money from one account to another

• money received for services provided or products sold.

• withdraw money for purchases or paying debts.

income means

• add money in the account by the account holder.

• transfer money from one account to another

• money received for services provided or products sold.

• withdraw money for purchases or paying debts.

deposit means

• add money in the account by the account holder.

• transfer money from one account to another

• money received for services provided or products sold.

• withdraw money for purchases or paying debts.

credit also means

• add money to the account by the account holder.

• transfer money from one account to another

• money received for services provided or products sold.

• withdraw money for purchases or paying debts.