NEW
Font size
S
M
L
XL
WorksheetsDebit vs. Credit
Total questions: 20
Worksheet time: 2hrs 45mins
Name
Class
Date
1.
Purchase is withdrawn directly from a checking or savings account.
a)
Debit card
b)
Credit card
c)
Both
2.
Each purchase is a loan that is repaid later
a)
Debit card
b)
Credit card
c)
Both
3.
You can purchase an item now and pay for it later.
a)
Debit card
b)
Credit card
c)
Both
4.
Interest may be charged.
a)
Debit card
b)
Credit card
c)
Both
5.
It requires the use of a PIN when making a purchase.
a)
Debit card
b)
Credit card
c)
Both
6.
If the card is lost or stolen, report it immediately.
a)
Debit Cards
b)
Credit Cards
c)
Both
7.
A checking account is
a)
An interest bearing account where your deposit remains for a set period of time
b)
An account where money can easily be deposited and withdrawn by means of checks, debit cards and ATM transactions.
c)
A computer that checks your email account
8.
I will get a bill at the end of the month for this card
a)
Debit Card
b)
Credit Card
c)
Both
9.
More useful when you are short on cash in an emergency.
a)
Debit card
b)
Credit card
c)
Both
10.
You can be charged a late fee if the payment is not made within the due date.
a)
Credit card
b)
Debit card
c)
both
11.
Which type of card will charge late fees if not paid on time?
a)
Credit card
b)
Debit card
12.
Which card does NOT affect your credit score?
a)
Credit
b)
Debit
13.
Which card can affect your credit score?
a)
Credit
b)
Debit
14.
Money for this card come directly from your bank account.
a)
Credit
b)
Debit
15.
Which card is a loan from a bank?
a)
Credit
b)
Debit
16.
A plastic card with a magnetic strip.
a)
Debit Card
b)
Credit Card
c)
Both
17.
You apply for this card and it needs to be approved.
a)
Debit
b)
Credit
c)
Both
18.
The spending limit is the amount in your bank account.
a)
Debit
b)
Credit
c)
Both
19.
When used, you pay back what you spent plus interest.
a)
Debit
b)
Credit
c)
Both
20.
You may be charged an overdraft fee when you spend more than what you have in your bank account.
a)
Debit
b)
Credit
c)
Both
Reset
