Credit and Debit Cards
Flashcard
•
Mathematics
•
6th Grade
•
Hard
+2
Standards-aligned
Wayground Content
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15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is a debit card?
Back
A debit card is a payment card that is directly linked to your bank account, allowing you to spend only the money you have.
2.
FLASHCARD QUESTION
Front
What is a credit card?
Back
A credit card is a payment card that allows you to borrow money from a bank to make purchases, which you must pay back later.
3.
FLASHCARD QUESTION
Front
When using a debit card, whose money are you using?
Back
You are using your own money.
4.
FLASHCARD QUESTION
Front
How is using a debit card similar to using a check?
Back
Using a debit card is similar to using a check because it withdraws money directly from your bank account without needing to carry a checkbook.
5.
FLASHCARD QUESTION
Front
What is one advantage of using both debit and credit cards?
Back
Both debit and credit cards are convenient to use for making purchases.
6.
FLASHCARD QUESTION
Front
What happens if you try to spend more money than you have with a debit card?
Back
If you try to spend more money than you have with a debit card, the transaction will be declined.
7.
FLASHCARD QUESTION
Front
What is the main difference between a debit card and a credit card?
Back
The main difference is that a debit card uses your own money, while a credit card allows you to borrow money.
Tags
CCSS.RI.5.3
CCSS.RI.6.3
CCSS.RI.6.5
CCSS.RI.7.3
CCSS.RI.7.5
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