WorksheetsCredit vs Debit Cards
Total questions: 21
Worksheet time: 22mins
Purchase is withdrawn directly from a checking or savings account.
Debit card
Credit card
Both
Each purchase is a loan that is repaid later
Debit card
Credit card
Both
You can purchase an item now and pay for it later.
Debit card
Credit card
Both
It may require a signature when making a purchase.
Debit card
Credit card
Both
Interest may be charged.
Debit card
Credit card
Both
It can be used to purchase goods and services.
Debit card
Credit card
Both
It requires the use of a PIN when making a purchase.
Debit card
Credit card
Both
If the card is lost or stolen, report it immediately.
Debit Cards
Credit Cards
Both
Transaction Fees may be charged.
Debit Card
Credit Card
Both
A checking account is
An interest bearing account where your deposit remains for a set period of time
An account where money can easily be deposited and withdrawn by means of checks, debit cards and ATM transactions.
A computer that checks your email account
I will get a bill at the end of the month for this card
Debit Card
Credit Card
Both
Makes it harder to withdraw or steal money if the card is taken.
Debit
Credit
Both
A bank can offer ____________. Allowing you to temporarily make the purchase if there are insufficient funds.
Checking account
Overdraft protection
Liability
Transaction fee
More useful when you are short on cash in an emergency.
Debit card
Credit card
Both
It requires a pin to withdraw cash from an ATM.
Debit Card
Credit Card
both
You can be charged a late fee if the payment is not made within the due date.
Credit card
Debit card
both
