7/16/2021 Debit & Credit Cards | Print - Quizizz

NAME :

CLASS :
Debit & Credit Cards
DATE :
20 Questions

1. Money is withdrawn directly from a checking or savings

account.

a) Debit Card b) Credit Card

c) Both

2. Each purchase is a loan that is repaid later.

a) Debit Card b) Credit Card

c) Both

3. Consumers can purchase items now and pay for them later.

a) Debit Card b) Credit Card

c) Both

4. Hefty fees may be charged if you spend more than what is

in the account.

a) Debit Card b) Credit Card

c) Both

5. Convenient to use.

a) Debit Card b) Credit Card

c) Both

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6. A PIN (Personal Identification Number) is required to make

a purchase.

a) Debit Card b) Credit Card

c) Both

7. Interest may be charged but can be avoided by paying the

entire balance each month.

a) Debit Card b) Credit Card

c) Both

8. If the card is lost or stolen, report it immediately.

a) Debit Card b) Credit Card

c) Both

9. Eric purchased a movie ticket with his card. This money will

come straight out of his checking account. What card did he

use?

a) Debit Card b) Credit Card

c) Both

10. Rosa’s gas pump went out as she was driving her car to

work. Since she did not have enough money to cover the
cost to replace the pump, she used a card that allowed her
to pay later. What card did she use?

a) Debit Card b) Credit Card

c) Both

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7/16/2021 Debit & Credit Cards | Print - Quizizz

Mrs. Brady took her family out to eat. She handed the

11.
waitress a card to purchase the meal. This charge appeared
on a bill that she paid three weeks later. Which card did she
use?

a) Debit Card b) Credit Card

c) Both

12. To avoid carrying cash, Ned pays for his lunch using this

card. Each time he uses this card his checking account

decreases. Which card did he use?

a) Debit Card b) Credit Card

c) Both

13. It can be used to purchase goods and services.

a) Debit Card b) Credit Card

c) Both

14. It may require a signature when making a purchase.

a) Debit Card b) Credit Card

c) Both

15. Great for emergencies

a) Debit Card b) Credit Card

c) Both

16. Replaces cash

a) Debit Card b) Credit Card

c) Both

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17. May cause unnecessary debt

a) Debit Card b) Credit Card

c) Both

18. Has fraud protection

a) Debit Card b) Credit Card

c) Both

19. Has perks such as, cash back and rewards

a) Debit Card b) Credit Card

c) Both

20. Affects credit score

a) Debit Card b) Credit Card

c) Both

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Answer Key
1. a 6. a 11. b 16. c
2. b 7. b 12. a 17. b
3. b 8. c 13. c 18. c
4. a 9. a 14. b 19. b
5. c 10. b 15. b 20. b

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