SSPFL3 Payment Options

SSPFL3 Payment Options

9th Grade

6 Qs

quiz-placeholder

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SSPFL3 Payment Options

SSPFL3 Payment Options

Assessment

Quiz

Social Studies

9th Grade

Easy

Created by

Jasamine Dixon

Used 8+ times

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6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

I am a method of payment that allows you to borrow money to make purchases, with the understanding that you will pay it back later. I often come with interest rates and can impact your credit score if not managed well. What am I?

Credit Card

Debit Card

Peer to Peer

Prepaid Card

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

I am a method of payment that allows you to load a specific amount of money onto me in advance. I can be used for purchases until the balance runs out, making me a popular gift option. What am I?

Check

Debit Card

Prepaid Card

peer to peer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

I am a method of payment that involves writing a paper document instructing your bank to pay a specific amount of money to a person or business. I can take a few days to process and clear. What am I?

Debit Card

Check

Peer to Peer

Cash

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

I am a method of payment that involves physical money, usually in the form of paper bills or coins. I am widely accepted everywhere, and when I am used, transactions are immediate, with no additional fees or interest. What am I?

Cash

Debit Card

Credit Card

Check

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

I am a digital method of payment that allows you to send money directly to someone else using a mobile app. I am often used for splitting bills, paying friends, or small transactions, and I usually require both parties to have accounts on the same platform. What am I?

cash

debit card

credit card

Peer to peer

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

I am a method of payment that is directly linked to your bank account. When you use me, the money is immediately deducted from your account, making it easy to manage your spending. What am I?

Credit Card

Debit Card

Prepaid card

Cash