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WorksheetsMYC quiz
Total questions: 12
Worksheet time: 6mins
Mastercard
Is a bank that issues cards, gives out loans, and monitors your finances
Is a technology company that builds, safe, smart, and simple ways to pay for things
Is a credit union that offers credit and loans at low interest rates
Credit Card
You pay for things with money that comes from your checking account
You pay for things with money that you have loaded onto the card in advance
You pay for things with money that you borrow from a bank
Prepaid Cards
You pay for things with money that you load onto it
Can be reloaded many times
Are sold to you by MasterCard
Help build your credit score
Are sold at your local convenience store
Cards are safer than cash because
Real time tracking of your money with online or mobile apps
MasterCard provides you with bodyguards
You are protected against loss or theft
Safer to carry than a wad of cash
They're more hygienic
Good Credit Scores
Get you approved for loans and the best interest rates, potentially saving you a lot of money
Help lower your federal and state taxes, saving you a lot of money
Make your credit card pay faster, saving you time
Increase the total amount in your checking account at a bank, allowing you to spend more
Prepaid Gift Cards
A prepaid card with unlimited funds for a particular store
A prepaid card that is not reloadable. I can use it until I spend all the money in it
A prepaid card your bank gives you as a reward for your credit score
Zero Liability
Cardholders are entirely responsible for the charges they didn't make
Cardholders are entirely protected from charges they didn't make
If cardholders lose their card even once, their account gets permanently suspended
Cardholders will receive full refunds from MasterCard for charges they didn't make
Master Your Card
An education program that tells communities how to get the most from their money using payment cards.
An education program that tells communities how to get the most from their money by creating their own payment cards from scratch
An education program that tells communities how tells communities how to get the most from their money by using cash
Cards are more convenient than cash because..
Online, mail or over the phone shopping
Pay for things anytime, anywhere
Easier and cheaper than visiting an ATM to get cash
Debit cards require you to set up a bank account
They are accepted more in the developing world
Low Credit Score
Hurts your chances of buying prepaid cards
Hurts your chances of borrowing money to buy a place or a car, or even getting a job.
Prevent you from receiving government benefits
Debit Cards
Funds are deducted directly from your checking account
Are an easy way to budget and keep track of spending
Help build your credit score
Funds are borrowed from a bank or financial institution
What is the most secure form of payment?
Cash
Checks
Electronic Payments Technology
