Credit or Debit

Credit or Debit

Assessment

Interactive Video

Social Studies

12th Grade

Practice Problem

Easy

Created by

Brad Franca

Used 2+ times

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the 2021 Federal Reserve survey, which payment method is becoming increasingly popular?

Credit cards

Cryptocurrency

Checks

Cash

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major risk associated with using credit cards as mentioned in the video?

High interest rates leading to debt

Immediate deduction from bank account

Less rewards compared to debit cards

No purchase protection

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which payment method did the video suggest could be psychologically more impactful when spending?

Credit cards

Debit cards

Cash

Online payments

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of protection do credit cards offer that debit cards typically do not?

Higher credit limits

Zero liability for unauthorized transactions

Lower interest rates

Automatic savings

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the best practice for using credit cards according to the video?

Using the card for every purchase to earn rewards

Paying off the balance in full each month

Only using credit cards for large purchases

Paying off the balance over several months

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