Plastic Money Quiz

Plastic Money Quiz

3rd Grade

10 Qs

quiz-placeholder

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Plastic Money Quiz

Plastic Money Quiz

Assessment

Quiz

English

3rd Grade

Easy

Created by

Sodagar Singh

Used 1+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is plastic money?

Plastic money is a term used to describe credit cards, debit cards, or any other card that can be used to make transactions without the need for physical cash.

Plastic money is a term used to describe the physical coins and bills in circulation.

Plastic money refers to the practice of using plastic containers as a form of payment.

Plastic money is a type of currency made from recycled plastic materials.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Name one advantage of using a debit card.

Avoid accumulating debt

Earn cashback rewards

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain the difference between a credit card and a debit card.

A credit card is used for online purchases only, while a debit card is used for in-person transactions.

A credit card and a debit card are the same thing.

A credit card deducts funds from a bank account, while a debit card allows borrowing money.

A credit card allows borrowing money, while a debit card deducts funds from a bank account.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to keep your credit card information secure?

To prevent unauthorized access and potential fraud.

To increase credit card limits

To make online shopping easier

To share with friends

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can you protect yourself from credit card fraud?

Monitor statements, avoid sharing information, use secure websites, report lost/stolen cards

Use unsecured websites

Never check credit card statements

Share credit card information freely

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a CVV number on a credit card?

To determine the card's expiration date

To track the cardholder's spending habits

To provide discounts on future purchases

To provide an additional layer of security for online or over-the-phone transactions.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Can you use a debit card to withdraw cash from an ATM?

No

Yes

Sometimes

Only on weekends

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