WorksheetsDebit Card Features Quiz
Total questions: 30
Worksheet time: 15mins
What is a key feature of a debit card?
It is linked directly to your bank account.
It allows you to borrow money with interest.
It is only used for online purchases.
It is not connected to any bank account.
Where can you use a debit card?
Only at ATMs
Only in physical shops
At shops, online, and ATMs
Only for online transactions
What type of money do you spend when using a debit card?
Borrowed money
Your own money
Money from a loan
Money with interest
What is a benefit of using a debit card compared to a credit card?
You can borrow money with interest.
You spend your own money without borrowing.
It is not linked to any bank account.
It can only be used online.
What is not a characteristic of a debit card?
Linked to a bank account
Allows borrowing with interest
Works at ATMs
Used for online shopping
What is one of the main features of a credit card?
You earn interest on your balance
You borrow money from the bank
You pay no fees ever
You have unlimited spending
What happens if you do not pay your credit card balance in full?
You receive a reward
Interest is charged
Your credit card is canceled
You get a higher spending limit
Which of the following is true about credit card spending limits?
They are unlimited
They decrease over time
They are set by the bank
They are determined by your age
How does a credit card differ from a debit card in terms of payment?
You pay immediately with a credit card
You borrow money with a credit card
You earn interest with a credit card
You have no spending limit with a credit card
What is required after using a credit card to make a purchase?
Immediate payment in cash
Payment at a later date
No payment is required
Payment in foreign currency
What is the source of money for a debit card?
Your bank account
Borrowed from bank
Loan from a friend
Credit line
Do debit cards incur interest charges?
Yes
No
Only if not paid in time
Sometimes
What determines the spending limit on a debit card?
Bank decides
What's in your account
Credit score
Monthly income
Do credit cards help build credit?
Yes
No
Only if used frequently
Only if paid in full
When do credit cards incur interest charges?
Always
Never
If not paid in time
Only on large purchases
Who decides the spending limit on a credit card?
The cardholder
The bank
The government
The merchant
Which type of card does not help build credit?
Debit card
Credit card
Both
Neither
What is one advantage of using a debit card?
Builds credit history
No debt
Works for hotel bookings
Offers rewards points
Which of the following is a disadvantage of using a debit card?
Easy to manage spending
Builds credit history
May not work for hotel bookings
Offers cash back
Why might someone choose a debit card over a credit card?
To build credit history
To avoid debt
To earn travel miles
To get a higher credit limit
What is a potential drawback of using a debit card for car rentals?
It builds credit history
It may not be accepted
It offers rewards
It has high interest rates
Which of the following is NOT a pro of using a debit card?
No debt
Easy to manage spending
Builds credit history
No interest charges
Which of the following is a benefit of using credit cards?
Risk of debt
Interest charges
Can build credit score
None of the above
What is a potential disadvantage of using credit cards?
Useful for emergencies
Some offer rewards
Risk of debt
Can build credit score
How can credit cards be useful in emergencies?
They offer rewards
They can build credit score
They provide immediate funds
They charge interest
Which of the following is NOT a pro of using credit cards?
Can build credit score
Useful for emergencies
Interest charges
Some offer rewards
What is one way credit cards can negatively impact users?
They can build credit score
They are useful for emergencies
They offer rewards
They incur interest charges
What should you avoid sharing to keep your financial information safe?
Your email address
Your PIN or card number
Your phone number
Your home address
Why is it important to check your bank statements regularly?
To ensure you have enough checks
To verify transactions and detect fraud
To find out your credit score
To see if your bank is open
What type of websites should you use when shopping online?
Any website
Websites with many ads
Secure websites
Websites with free offers
