I am a method of payment that allows you to borrow money to make purchases, with the understanding that you will pay it back later. I often come with interest rates and can impact your credit score if not managed well. What am I?
SSPFL3 Payment Options

Quiz
•
Social Studies
•
9th Grade
•
Easy
Jasamine Dixon
Used 8+ times
FREE Resource
6 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Credit Card
Debit Card
Peer to Peer
Prepaid Card
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
I am a method of payment that allows you to load a specific amount of money onto me in advance. I can be used for purchases until the balance runs out, making me a popular gift option. What am I?
Check
Debit Card
Prepaid Card
peer to peer
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
I am a method of payment that involves writing a paper document instructing your bank to pay a specific amount of money to a person or business. I can take a few days to process and clear. What am I?
Debit Card
Check
Peer to Peer
Cash
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
I am a method of payment that involves physical money, usually in the form of paper bills or coins. I am widely accepted everywhere, and when I am used, transactions are immediate, with no additional fees or interest. What am I?
Cash
Debit Card
Credit Card
Check
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
I am a digital method of payment that allows you to send money directly to someone else using a mobile app. I am often used for splitting bills, paying friends, or small transactions, and I usually require both parties to have accounts on the same platform. What am I?
cash
debit card
credit card
Peer to peer
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
I am a method of payment that is directly linked to your bank account. When you use me, the money is immediately deducted from your account, making it easy to manage your spending. What am I?
Credit Card
Debit Card
Prepaid card
Cash
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