Methods of Payment Quiz

Methods of Payment Quiz

12th Grade

11 Qs

quiz-placeholder

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Methods of Payment Quiz

Methods of Payment Quiz

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Easy

Created by

Jeremiah Lopez

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Often have a limit that you can spend per day. Must pay at the end of each month, or you will have to pay interest.

Apple Pay

Gift Card

Debit Card

Credit Card

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The extra money that you must pay your credit card company if you don't pay your bill in time.

Dividends

Interest

Overdraft Fees

Bonds

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Take money directly from your bank account to pay for things you may buy.

Debit Card

Credit Card

Overdraft Fees

Gift Card

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Becoming less common as time goes on. May not be accepted at every store.

Credit Card

Debit Card

Cash

Gift Card

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

May be useful when sending money to family and friends. Most stores do not take this form of payment.

Electronic Transfer

Check

Money Order

Gift Card

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which item is important to consider when selecting a credit card?

Annual Percentage Rate (APR)

Fees

The look of the credit card

Both APR and fees

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the best strategy to avoid paying interest on your credit cards?

Pay the minimum balance each month

Pay the full balance each month

Have credit cards from two different banks

Make payments online

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