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WorksheetsW!SE Review - Payment Types
Total questions: 10
Worksheet time: 5mins
A __________________ is the amount of money that you can charge to a credit card. If you exceed this amount, your purchase may not go through and your card may be declined.
Credit Limit
Finance Charges
Balance Transfer
Rewards
Jared wanted to save money on interest charges for his credit card so he moved the existing balance on it to a new card with a lower interest rate. This is called:
Credit Limit
Balance Transfer
Finance Charges
Rewards
This is a benefit given to credit card customers that encourages them to sign up for a card and to use it frequently to pay for things.
Finance Charge
Late Fees
Rewards Points
Cash Out
Visa, American Express and Master Card are examples of a Closed Loop Credit Card System.
True
False
Bank checks, cashier's checks and money orders are basically as good as having cash because they are not a form of credit.
True
False
At an automated teller machine (ATM), bank customers are able to insert a plastic card and perform all of the following except:
make cash withdrawals
communicate with bank staff
transfer funds
make deposits
In order to make purchases, you enter your PIN number for credit transactions and sign your name for debit transactions after swiping your card.
True
False
Which of the following are examples of a Pre-Paid Card/Cash Card?
AMEX
Wawa
Macy's
Visa
Chick-Fil-A
Which of the following is NOT a part of a check?
Routing number
Signature Line
Balance
Written Amount
In order to use a Blank Endorsement to cash your check, you must write "For Deposit Only" on the back when signing it.
True
False
