Year 9 Winter Assessment

Debit cards and credit cards are two types of ​ (a)   that allow consumers to make purchases or withdraw cash. A debit card is linked to a​ (b)   , and when a purchase is made, the funds are withdrawn directly from the account. A ​ (c)   , on the other hand, allows consumers to ​ (d)   money up to a certain credit limit, which they can then pay back over time, usually with ​ (e)  

• payment methods
• bank account
• credit card
• borrow
• interest.

Identify the different sections on the front of the debit card.

a

b

c

d

e

f

Sort Code

Issuer Logo

Contactless Symbol

Chip

Cardholder's Name

Card #

Identify the components on the back of the debit card.

a

b

c

d

e

Hologram

Magnetic strip

Card #

Bank contact details

Signature panel

Match payment type to the definition

Groups:

(a) CASH

,

(b) CHEQUE

,

(c) DIGITAL WALLET

,

(d) PRE PAID CARD

• 
• 
• 
• 

If your Bank Account has the following figure: What does this indicate?

-£45.00 DR

• I have £45 in my account

• I am £45 overdrawn

• I have a Direct Debit set up for £45

• I am owed £45 by the bank

Cash is still a very important method of payment. Cash be obtained from Cash Machines which are know as ATM's. What does ATM stand for?

• Automated Tax Machine

• Automated Telling Machine

• Automated Transfer Machine

• Automated Talking Machine

Organize these options into the right categories

Groups:

(a) Mandatory Expenditure

,

(b) Discretionary Expenditure

• 
• 
• 
• 
• 
• 

A Money Mule is...

• A donkey that carries illegal money willingly

• A person who transfers money acquired illegally, such as by theft or fraud.

• A person who sends smishing texts to scam money from you

• A person that is sometimes known as a pickpocket and steals wallets and cash

Match the Money Security Tips to the Pictures..

a

b

c

d

e

Avoid Money Transactions in public wifi

Use 2 FA like Text and Password

Use Strong Passwords

Report a lost card immediately!

Never Share your PIN

What I is an asset or item acquired to generate income, gain appreciation or value over time.