Unit 35 — 5.10(C/D) Advan./Disadvantages of different payments

On Monday, Sarafina’s dad used a credit card to pay the doctor. On Tuesday, Sarafina’s mom wrote a check to pay for a car repair. On Wednesday, Sarafina’s brother used a debit card to pay for a haircut. On Thursday, the family used an electronic payment from a checking account to pay the dental insurance bill. On how many of the 4 days did the family borrow money?

• A. 1

• B. 2

• C. 3

• D. 4

On Monday, Sarafina’s dad used a credit card to pay the doctor. On Tuesday, Sarafina’s mom wrote a check to pay for a car repair. On Wednesday, Sarafina’s brother used a debit card to pay for a haircut. On Thursday, the family used an electronic payment from a checking account to pay the dental insurance bill. On which day did the family pay for something online?

• A. Monday

• B. Tuesday

• C. Wednesday

• D. Thursday

In which space should Mr. Juniper write an amount of $40?

• Space A

• Space B

• Space C

• Space D

Mr. Juniper deposits a $500 paycheck into a new checking account on March 7. On March 8, he writes the first check to a discount store for $16.79 and the second check to the dentist for $40. He uses the third check to pay the plumber $89. Mr. Juniper uses this check register to keep track of his checking account.

Which of the following happens when Mr. Juniper uses his debit card to withdraw cash from the checking account?

• His expenses decrease.

• His income increases.

• His balance decreases.

• He must pay interest.

Mr. Juniper deposits a $500 paycheck into a new checking account on March 7. On March 8, he writes the first check to a discount store for $16.79 and the second check to the dentist for $40. He uses the third check to pay the plumber $89. Mr. Juniper uses this check register to keep track of his checking account.

In which column should Mr. Juniper record an amount of $483.21?

• Income

• Expense

• Balance

• Not here

Mr. Juniper deposits a $500 paycheck into a new checking account on March 7. On March 8, he writes the first check to a discount store for $16.79 and the second check to the dentist for $40. He uses the third check to pay the plumber $89. Mr. Juniper uses this check register to keep track of his checking account.

Mr. Juniper uses his debit card to withdraw $10 cash from the checking account for a football ticket. Which is an advantage of using the debit card?

• Mr. Juniper does not have to remember a number in order to access his checking account.

• Mr. Juniper’s debit card can never be lost or stolen.

• Mr. Juniper will earn rewards, such as free hotel stays.

• Mr. Juniper’s cash will be taken directly from his checking account.

Match the following

• check

• a card that has a certain pre-loaded amount on it

• credit card

• a card you can use to purchase something now, and pay off later

• debit card

• an order to pay money from your checking account to a person or comapny

• gift card

• a card you can use to purchase something and the money comes out of your bank account immediately