
Understanding Debit Cards

Quiz
•
Special Education
•
9th - 12th Grade
•
Medium
Dawn Kiesl
Used 1+ times
FREE Resource
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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