WorksheetsCredit and Payment Methods Quiz
Total questions: 15
Worksheet time: 8mins
What is a benefit of using a credit card for small purchases?
You get rewards for using it.
It is always free to use.
It never charges interest.
It can be used without a bank account.
What happens if you don’t pay your full credit card bill each month?
You get a discount.
You are charged interest.
You receive a bonus.
You can use more money.
Which payment method links directly to your bank account and takes money out right away?
Credit
Cash
Debit
Gift Card
What is a disadvantage of using cash?
It can be used online.
It is protected if lost.
It is hard to use for expensive items.
It earns interest.
What is a unique feature of gift cards in Canada?
They can be replaced if lost.
They can expire.
They are illegal to expire.
They earn interest.
What is a common feature of both debit and electronic transfer methods?
They can be used without a bank account.
They allow spending more than you have.
They sometimes have a fee.
They are always free.
What is a risk of using electronic transfers?
They can be refunded if sent to the wrong person.
They cannot be refunded if sent to the wrong person.
They always require a fee.
They are slower than cash.
What is a common feature of credit and debit cards?
They can be used online.
They always charge interest.
They are only plastic cards.
They cannot be used on phones.
What is a disadvantage of using a gift card?
It can be replaced if lost.
It can be used more than the value paid.
It cannot be replaced if lost or stolen.
It earns interest.
What is a feature of cash that is different from other payment methods?
It can be used online.
It is protected if lost.
It is accepted almost anywhere in the country.
It charges interest.
What is a benefit of using a debit card?
It allows spending more than you have.
It links to your bank account for immediate payment.
It always charges interest.
It cannot be used online.
What is a disadvantage of using credit cards?
They never charge interest.
They can charge an extra fee called interest.
They are always free to use.
They cannot be used online.
What is a feature of electronic transfers?
They can be used without a bank account.
They send money via email or text message.
They always require a physical card.
They are slower than cash.
What is a common feature of both credit and gift cards?
They can be used without a bank account.
They can be used online.
They always charge interest.
They are only plastic cards.
What is a disadvantage of using cash compared to other payment methods?
It can be used online.
It is protected if lost.
It has no protection from being stolen or lost.
It charges interest.
