Debit/ Credit

Quiz
•
Life Skills
•
8th Grade
•
Medium
+2
Standards-aligned
Used 7K+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of a financial institution is:
A department store
A bank
A school
An ATM machine
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who uses financial institutions?
Adults
College graduates
Almost everyone who maintains a savings or checking account, uses debit or credit cards, or needs a loan
Account holders with lots of cash
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Online banking is an electronic way to view account activity and pay bills via the internet and an institution's website.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A debit card allows for an immediate electronic transfer of money from a cardholder's savings or checking account.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A debit card is essentially a paper check but doesn't require the processing time a check does.
True
False
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A debit card is handy in an emergency when you don't have the money to spend.
True
False
Tags
CCSS.RI.8.4
CCSS.RI.7.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.6.4
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A debit card is a buy-now, pay-later payment type with a grace period for payments.
True
False
Tags
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.7.4
CCSS.RI.9-10.4
CCSS.RI.6.4
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