What is the primary function of a debit card?
Principles of Money Vocab Quiz

Quiz
•
Business
•
8th Grade
•
Hard

Datrell Morgan
Used 5+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To borrow money
To make purchases directly from a bank account
To write checks
To earn rewards
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Compare the security features of checks and electronic funds transfers.
Checks are more secure than electronic funds transfers
Electronic funds transfers are more secure than checks
Both have the same level of security
Neither has any security features
3.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
How does a credit card differ from a debit card?
Credit cards are linked directly to your bank account
Credit cards let you borrow money to make purchases
Debit cards allow you to borrow money
Debit cards require you to pay interest
4.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Analyze the impact of using credit cards irresponsibly.
It can lead to increased savings
It can result in debt accumulation
It can improve credit scores
It can reduce spending
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Plan a strategy for managing personal finances using a combination of cash, debit cards, and electronic banking.
Use only cash for all transactions
Use debit cards for all purchases and avoid electronic banking
Use a mix of cash for small purchases, debit cards for larger transactions, and electronic banking for bill payments
Avoid using any form of electronic banking
6.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What is cash?
A type of electronic payment
Physical coins and paper bills
A digital currency
A type of bank account
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Evaluate the benefits of electronic banking transfers over traditional banking methods.
They are slower and less reliable
They are less secure
They are convenient and accessible 24/7
They require physical presence
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