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    Unit 5 - Debit & Credit Cards

    Uploaded by

    Lighters Kiet
    This document is a 20 question quiz about debit and credit cards. It tests the user's knowledge about the key differences and features of debit versus credit cards. Some of the main differences covered are that debit cards withdraw funds directly from a linked bank account, while credit cards allow purchases to be paid back later and may charge interest. The quiz also covers typical uses cases like emergencies, signatures, PIN numbers, and effects on credit scores.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Unit 5 - Debit & Credit Cards

    Uploaded by

    Lighters Kiet
    185 views5 pages
    This document is a 20 question quiz about debit and credit cards. It tests the user's knowledge about the key differences and features of debit versus credit cards. Some of the main differences covered are that debit cards withdraw funds directly from a linked bank account, while credit cards allow purchases to be paid back later and may charge interest. The quiz also covers typical uses cases like emergencies, signatures, PIN numbers, and effects on credit scores.

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    Unit 5_Debit & Credit Cards

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    This document is a 20 question quiz about debit and credit cards. It tests the user's knowledge about the key differences and features of debit versus credit cards. Some of the main differences covered are that debit cards withdraw funds directly from a linked bank account, while credit cards allow purchases to be paid back later and may charge interest. The quiz also covers typical uses cases like emergencies, signatures, PIN numbers, and effects on credit scores.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    185 views5 pages

    Unit 5 - Debit & Credit Cards

    Uploaded by

    Lighters Kiet
    This document is a 20 question quiz about debit and credit cards. It tests the user's knowledge about the key differences and features of debit versus credit cards. Some of the main differences covered are that debit cards withdraw funds directly from a linked bank account, while credit cards allow purchases to be paid back later and may charge interest. The quiz also covers typical uses cases like emergencies, signatures, PIN numbers, and effects on credit scores.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    7/16/2021 Debit & Credit Cards | Print - Quizizz

    NAME :

    CLASS :
    Debit & Credit Cards
    DATE :
    20 Questions

    1. Money 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. Consumers can purchase items now and pay for them later.

    a) Debit Card b) Credit Card

    c) Both

    4. Hefty fees may be charged if you spend more than what is

    in the account.

    a) Debit Card b) Credit Card


    c) Both

    5. Convenient to use.

    a) Debit Card b) Credit Card

    c) Both

    https://quizizz.com/print/quiz/5e17d64ee59cf1001b2f6928 1/5
    7/16/2021 Debit & Credit Cards | Print - Quizizz

    6. A PIN (Personal Identification Number) is required to make

    a purchase.

    a) Debit Card b) Credit Card


    c) Both

    7. Interest may be charged but can be avoided by paying the

    entire balance each month.

    a) Debit Card b) Credit Card

    c) Both

    8. If the card is lost or stolen, report it immediately.

    a) Debit Card b) Credit Card

    c) Both

    9. Eric purchased a movie ticket with his card. This money will

    come straight out of his checking account. What card did he


    use?

    a) Debit Card b) Credit Card


    c) Both

    10. Rosa’s gas pump went out as she was driving her car to

    work. Since she did not have enough money to cover the
    cost to replace the pump, she used a card that allowed her
    to pay later. What card did she use?

    a) Debit Card b) Credit Card


    c) Both

    https://quizizz.com/print/quiz/5e17d64ee59cf1001b2f6928 2/5
    7/16/2021 Debit & Credit Cards | Print - Quizizz

    Mrs. Brady took her family out to eat. She handed the

    11.
    waitress a card to purchase the meal. This charge appeared
    on a bill that she paid three weeks later. Which card did she
    use?

    a) Debit Card b) Credit Card

    c) Both

    12. To avoid carrying cash, Ned pays for his lunch using this

    card. Each time he uses this card his checking account


    decreases. Which card did he use?

    a) Debit Card b) Credit Card


    c) Both

    13. It can be used to purchase goods and services.

    a) Debit Card b) Credit Card

    c) Both

    14. It may require a signature when making a purchase.

    a) Debit Card b) Credit Card

    c) Both

    15. Great for emergencies

    a) Debit Card b) Credit Card


    c) Both

    16. Replaces cash

    a) Debit Card b) Credit Card

    c) Both

    https://quizizz.com/print/quiz/5e17d64ee59cf1001b2f6928 3/5
    7/16/2021 Debit & Credit Cards | Print - Quizizz

    17. May cause unnecessary debt

    a) Debit Card b) Credit Card

    c) Both

    18. Has fraud protection

    a) Debit Card b) Credit Card

    c) Both

    19. Has perks such as, cash back and rewards

    a) Debit Card b) Credit Card

    c) Both

    20. Affects credit score

    a) Debit Card b) Credit Card

    c) Both

    https://quizizz.com/print/quiz/5e17d64ee59cf1001b2f6928 4/5
    7/16/2021 Debit & Credit Cards | Print - Quizizz

    Answer Key
    1. a 6. a 11. b 16. c
    2. b 7. b 12. a 17. b
    3. b 8. c 13. c 18. c
    4. a 9. a 14. b 19. b
    5. c 10. b 15. b 20. b

    https://quizizz.com/print/quiz/5e17d64ee59cf1001b2f6928 5/5

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