Understanding Debit Cards Quiz

Anika wants to make a purchase at a store using her bank account funds. Which card should she use?

• A card that allows you to borrow money from the bank

• A card that allows you to spend money directly from your bank account

• A card that gives you rewards for purchases

• A card used only for online shopping

Emma is at a grocery store and wants to pay for her items. How should she use her debit card?

• Swipe or insert the card and enter your PIN

• Write a check and hand it to the cashier

• Tell the cashier your bank account number

• Use it only for online purchases

Aria is shopping online and needs to decide which card to use. Which of the following is a difference between a debit card and a credit card?

• Debit cards require a PIN, credit cards do not

• Debit cards use your own money, credit cards borrow money from the bank

• Debit cards can only be used in stores, credit cards can be used online

• Debit cards are only for adults, credit cards are for everyone

What should Michael do if he loses his debit card?

• Wait a few days to see if it turns up

• Call his bank immediately to report it lost

• Tell a friend and ask for advice

• Do nothing and hope it is not used

Michael is learning about financial safety. Which of the following is a safety tip for using a debit card?

• Share your PIN with friends

• Keep your PIN a secret and do not write it down

• Use your debit card only at night

• Always use your debit card for online shopping

What is one way Anika keeps her debit card safe?

• Leave it in her car

• Store it in a secure place when not in use

• Lend it to friends when they need it

• Use it as often as possible

Avery uses a debit card to buy a book. What happens?

• The money is taken from your credit card balance

• The money is taken directly from your bank account

• The money is added to your savings account

• The money is borrowed from the bank

Isla is considering using a debit card for her daily expenses. Which of the following is NOT a feature of a debit card?

• Allows you to withdraw cash from ATMs

• Provides a line of credit

• Can be used for online purchases

• Requires a PIN for transactions

Olivia uses her debit card for daily expenses. Why is it important for her to check her bank statements regularly?

• To see how much money she has borrowed

• To ensure there are no unauthorized transactions

• To find out her credit score

• To see how many rewards points she has earned

What should Abigail do if she notices a transaction on her bank statement that she did not make?

• Ignore it and hope it goes away

• Contact her bank immediately to report the transaction

• Wait until the end of the month to see if it happens again

• Tell a friend about it