What is a primary function of financial institutions?

Understanding Debit and Credit Cards

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Business
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6th - 8th Grade
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Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To provide entertainment services
To offer money-related services
To sell consumer goods
To organize community events
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a feature of online banking?
Allows viewing account activity online
Only available during bank hours
Does not support bill payments
Requires visiting a physical branch
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a benefit of mobile banking?
Requires a desktop computer
Only available during bank hours
Limited to in-person transactions
Allows financial transactions via mobile devices
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a recommended practice for online banking security?
Store your PIN on your phone
Share your password with friends
Use simple passwords
Verify website security with HTTPS
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key difference between debit and credit cards?
Debit cards allow borrowing money
Credit cards require immediate payment
Debit cards require funds in the account
Credit cards do not charge interest
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an advantage of using a credit card?
No interest charges ever
Immediate deduction from bank account
No need to repay borrowed money
Ability to build credit history
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a disadvantage of using a debit card?
It offers cash rewards
It helps build credit history
It requires a credit check
Overdraft fees may apply
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