Quiz 2

Quiz 2

10th Grade

35 Qs

quiz-placeholder

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Quiz 2

Quiz 2

Assessment

Quiz

Social Studies

10th Grade

Practice Problem

Medium

Created by

Alegra Leggett

Used 1+ times

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the major difference between debit cards and credit cards?

Debit cards allow you to go into debt, while credit cards do not

Debit cards immediately deduct money from your account, while credit cards allow you to make payments later

Debit cards offer rewards and benefits, while credit cards do not

Debit cards help you build your credit history, while credit cards do not

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which of the following is a pro of using credit cards?

Credit cards immediately deduct money from your account

Credit cards have safeguards against fraud

Credit cards do not help you build your credit history

Credit cards offer rewards and benefits

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which type of card is recommended for someone who cannot handle the temptation of spending more than they have?

Credit cards

Debit cards

Both credit cards and debit cards

Neither credit cards nor debit cards

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is a con of using debit cards?

Debit cards can help you build your credit history

Debit cards offer rewards and benefits

Debit cards do not have safeguards against fraud

Debit cards have a high interest rate

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why use a credit card over a debit card?

You can build credit

You can earn rewards

You can pay less than you owe

All of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a credit card "minimum"?

The most you can spend in a month

The amount you need to spend every month

The least amount you need to pay back each month

The penalty for being late on a payment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Each month you should...

Use your credit card points

Only use credit when needed

Only use debit when needed

Pay full credit statement if you can

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