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Understanding Cash and Cards

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Using a debit card

a)

comes out of your bank account

b)

is a form of credit

c)

requires a signature for every transaction

d)

is linked to a credit line

2.

Debit card

a)

that uses your own bank money

b)

that allows you to borrow money from the bank

c)

that is linked to a credit account

d)

that can only be used for online purchases

3.

Lost card action

a)

Contact the bank right away

b)

Wait for a few days

c)

Check your account balance

d)

Report to the police

4.

Choosing cash or card

a)

how to pay for something

b)

what to buy at the store

c)

when to use a credit card

d)

where to find cash

5.

Planning a purchase

a)

if you have enough money or need to use a card

b)

if you should buy it on sale

c)

if it is a necessity or a luxury

d)

if you can return it later

6.

ATM

a)

to get cash using a card

b)

to deposit checks into an account

c)

to transfer money between accounts

d)

to check account balances

7.

Credit card

a)

that lets you borrow money to pay later

b)

a type of debit card

c)

an account for saving money

d)

a loan with high interest rates

8.

Paying with cash

a)

over bills and coins

b)

using a credit card

c)

through a mobile app

d)

by writing a check

9.

Using a credit card

a)

money to pay later

b)

immediate cash payment

c)

a type of debit card

d)

a loan from the bank

10.

PIN

a)

Personal Identification Number

b)

Password for online banking

c)

Number for card security

d)

Access code for mobile apps

11.

Comparing cash and cards

a)

is instant, cards can be safer

b)

is always safer than cash

c)

takes longer than cash transactions

d)

is less convenient than cash

12.

Avoiding overspending

a)

a budget to plan cash and card use

b)

spending without limits

c)

using credit cards for all purchases

d)

ignoring monthly expenses

13.

Cash

a)

money like coins and bills

b)

a type of credit card

c)

a digital currency

d)

a form of investment

14.

Keeping track of spending

a)

how much money you have left

b)

the total amount of your income

c)

the number of transactions made

d)

the average cost of items purchased

15.

Signature on card purchase

a)

you are the card owner

b)

you are the card user

c)

you are the card issuer

d)

you are the card verifier