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Understanding Gift and Payment Cards

Authored by Lachawn MS]

Business

6th Grade

8 Questions

Used 1+ times

Understanding Gift and Payment Cards
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Gift Card is

A card that is given as a gift.

A card that is purchased for a certain amount and used like cash.

A card to debit from an account.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity means

Option's in life

Fear of money

Limited Resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

EBT Card

A card for people who are eligible for government benefits

Electronic Bank Card

A card that allows you to spend only the amount you have pre-deposited into an account

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Prepaid Card

A card that pays you back an interest on purchases made

A card the bank gives you to pay your bill's in a timely manner

A card that allows you to spend only the amount you have pre-deposited into an account

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a PIN

A number required when a person used a debit card. It ensures others can't access the bank account

A writing utensil

A number shared between friends and family

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit Card

A card that allows you to spend only the amount you have pre-deposited into an account

A limited resources card

Allows the holder to buy goods and services by taking out a loan

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Electronic Payment

Used to pay electric bills

A card that allows you to spend only the amount you have pre-deposited into an account

Payments made online or using an app that allows the user to automatically debit a bank account or charge a credit card without having to use that debit or credit card

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