Debit and Credit Cards

Debit and Credit Cards

7th Grade

15 Qs

quiz-placeholder

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Debit and Credit Cards

Debit and Credit Cards

Assessment

Quiz

Social Studies

7th Grade

Practice Problem

Hard

Created by

John Robinson

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which card takes money directly out of your bank account?

A Debit Card

A Credit Card

Niether

Both

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

False or True: Credit cards and Debit Cards are the same.

False

True

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which statement about credit and debit cards is NOT true?

Interest is charged on debit card purchases

When a debit card is used for purchases, money is withdrawn directly from a bank account

The total amount of money that can be spent on credit card purchases depends on the customer's credit limit.

When a credit card is used, money is borrowed.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a key difference between debit and credit cards?

Debit cards withdraw money directly from your bank account

Credit cards withdraw money directly from your bank account

Both cards withdraw money directly from your bank account

Neither card withdraws money directly from your bank account

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which card typically offers rewards or cashback on purchases?

Debit Card

Credit Card

Both

Neither

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is required to use a credit card but not a debit card?

A bank account

A credit limit

A PIN

A savings account

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which card can help build your credit score?

Debit Card

Credit Card

Both

Neither

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