
Credit and Debit Cards
Authored by John Robinson
Social Studies
7th Grade
Used 1+ times

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25 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How are credit cards and debit cards different?
they are exactly the same
a credit card is a loan, while a debit card deducts money directly from your checking account
a credit card allows you to purchase gas only
a debit card is a loan, while a credit card deducts money directly from your checking account
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A card that allows the holder to buy goods and services by taking out a bank loan.
Checking account
Bank
Economy
Credit card
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A card that allows customers to electronically and immediately withdraw funds from their accounts, either in cash or to purchase goods or services.
Checking account
Economy
Bank
Debit card
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A type of bank card which allows the holder to borrow money in order to make payments
credit card
bank card
debit card
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Credit cards and Debit Cards are the same.
False
True
6.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Interest is charged if balance is not paid each month.
Debit Cards
Credit Cards
Both
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which card takes money directly out of your bank account?
Debit Card
Credit Card
Niether
Both
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