Debit/ Credit

Debit/ Credit

8th Grade

15 Qs

quiz-placeholder

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Debit/ Credit

Debit/ Credit

Assessment

Quiz

Life Skills

8th Grade

Medium

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

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

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