Credit/Debit/Financial Literacy

Credit/Debit/Financial Literacy

20 Qs

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Credit/Debit/Financial Literacy

Credit/Debit/Financial Literacy

Assessment

Quiz

Social Studies, Mathematics

Practice Problem

Hard

Created by

Michelle Gardner

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An account that allows you easy access to your money through a debit card, atm, or checks is called...

credit union

savings account

checking account

personal loan

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a direct deposit?

When you receive your paycheck, you take the check directly to the bank to deposit

Your job deposits your paycheck directly into your account electronically

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All transactions should be recorded in your bank register. True or False

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are credit cards and debit cards different?

they are exactly the same

a credit card is a loan, while a debit card deducts money directly from your checking account

a credit card allows you to purchase gas only

a debit card is a loan, while a credit card deducts money directly from your checking account

5.

DROPDOWN QUESTION

1 min • 1 pt

Debit cards are a convenient way to pay because you don’t have to carry cash or take time to write a check.

(a)  

True

False

6.

DRAG AND DROP QUESTION

1 min • 1 pt

When using a credit card, you will be charged ​ (a)   if the balance is not paid.

interest
insurance
$10

7.

DROPDOWN QUESTION

45 sec • 1 pt

Evie dislikes that ​ (a)   will charge her an overdraft fee if she accidentally spends or withdraws more than the amount in her account at the time.

debit cards
credit cards

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