Understanding Debit Cards

Understanding Debit Cards

9th - 12th Grade

10 Qs

quiz-placeholder

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Understanding Debit Cards

Understanding Debit Cards

Assessment

Quiz

Special Education

9th - 12th Grade

Medium

Created by

Dawn Kiesl

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a debit card directly linked to?

A prepaid cash balance

A cryptocurrency wallet

A line of credit

Your bank account

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you use a debit card, whose money are you spending?

Your own money

A friend's money

A loan

The bank's money

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens if you use a debit card to buy a pair of shoes for $50 from a $500 balance?

Your account balance becomes $450

You borrow $50 from the bank

You get a $50 credit on your next purchase

You pay interest on the $50

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might someone prefer using a debit card over cash?

It builds credit history

It's safer and more convenient

It offers unlimited funds

It earns interest over time

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major drawback of using a debit card?

It is not accepted internationally

It offers too many rewards

It doesn't help build credit history

It has high annual fees

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you do if your debit card is lost or stolen?

Start using cash only

Wait for it to expire

Report it immediately

Apply for a credit card instead

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can a debit card help manage your finances?

By allowing unlimited spending

By providing loans

By controlling your spending to your account balance

By investing your money in stocks

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