POST-TEST for Applied Math 6th grade

Front

What is a Debit Card?

Back

A debit card is a payment card that deducts money directly from a consumer's checking account to pay for a purchase.

Front

What is a Credit Card?

Back

A credit card is a payment card that allows consumers to borrow money from the card issuer up to a certain limit to purchase items or withdraw cash.

Front

What does it mean to round a number to the nearest penny?

Back

Rounding a number to the nearest penny means adjusting the number to two decimal places, where the second decimal place represents cents.

Front

If Eric used a card that takes money directly from his checking account, which card did he use?

Back

Debit Card.

Front

What is the ratio of tenants to cars if there are 30 tenants and 50 cars?

Back

The ratio is 3:5.

Front

How do you round $12.73624 to the nearest penny?

Back

$12.74.

Front

What is the potential risk of using a Credit Card?

Back

It may cause unnecessary debt and financial trouble.

Front

What is the difference between a Debit Card and a Credit Card?

Back

A Debit Card uses funds from your bank account, while a Credit Card allows you to borrow money to make purchases.

Front

What is an example of a situation where a Credit Card might be useful?

Back

Making a large purchase and paying for it over time.

Front

What happens if you exceed your Credit Card limit?

Back

You may incur over-limit fees or your transaction may be declined.