Biz Town 1.4: Types of Payments

You need to mail a payment to your credit card company because the online payment site is down. What is the best form of payment?

• cash

• check

• debit card

• credit card

Where does the money come from when you use a debit card to buy groceries?

• your certificate of deposit

• the credit company

• your bank account

• the government

What do you need to make an electronic payment?

• account number and current date

• account number and your name

• debit card and your phone number

• balance and credit

Which part of the money tracker do you write in to record the amount when adding money into your bank account?

• withdrawal

• deposit

• balance

• description

Which term describes why people cannot have everything they want because of limited resources?

• endorsement

• institutions

• scarcity

• economy