Debit vs Credit Cards

Debit vs Credit Cards

Assessment

Flashcard

Mathematics

6th - 7th Grade

Hard

CCSS
RI.6.7, 7.RP.A.3, RI.4.10

+8

Standards-aligned

Created by

Wayground Content

FREE Resource

Student preview

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15 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is a Debit Card?

Back

A debit card is a payment card that deducts money directly from a checking account to pay for a purchase.

2.

FLASHCARD QUESTION

Front

What is a Credit Card?

Back

A credit card allows users to borrow money from a financial institution up to a certain limit to make purchases.

3.

FLASHCARD QUESTION

Front

What does PIN stand for in relation to debit cards?

Back

PIN stands for Personal Identification Number, a security code used to authorize transactions.

4.

FLASHCARD QUESTION

Front

Can you get cash back with a debit card?

Back

Yes, users can request cash back at the time of purchase with a debit card.

5.

FLASHCARD QUESTION

Front

What is a credit limit?

Back

A credit limit is the maximum amount of money that can be borrowed on a credit card.

6.

FLASHCARD QUESTION

Front

How are transactions recorded for credit and debit cards?

Back

Transactions for both credit and debit cards are recorded in monthly statements.

7.

FLASHCARD QUESTION

Front

What happens if you don't pay your credit card balance in full?

Back

If you don't pay your credit card balance in full, you may incur interest charges on the remaining balance.

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