
Understanding Credit and Debit Cards
Interactive Video
•
Business, Life Skills
•
7th - 12th Grade
•
Hard

Amelia Wright
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has contributed to the decline in cash usage in the U.S.?
Government regulations
Increased ATM fees
The popularity of credit and debit cards
The rise of digital currencies
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is credited with creating the first credit card?
Thomas Edison
Frank McNamara
Henry Ford
John D. Rockefeller
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the original purpose of debit cards?
To make online purchases
To pay bills automatically
To earn rewards
To withdraw money from ATMs
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens if you spend more than your account balance with a debit card?
You receive a warning message
You earn rewards points
The bank covers the cost temporarily
The transaction is declined
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a revolving line of credit?
A credit line that can be borrowed again as it's repaid
A credit limit that increases automatically
A type of debit card feature
A loan that must be paid in full each month
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might someone choose to use a credit card despite the fees?
To manage cash flow and cover large expenses
To avoid paying taxes
To earn interest on their purchases
To increase their bank account balance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What determines the credit limit on a credit card?
The cardholder's age
The cardholder's total income and credit score
The number of cards the person owns
The type of purchases made
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