Debit Cards Vs Credit Cards.

5 Questions | Total Attempts: 2031

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Debit Cards Vs Credit Cards. - Quiz


Questions and Answers
  • 1. 
    Mr. Anderson wants to buy a new living room set, but he does not have enough money in his bank account to pay for one. Which of these is NOT an option for Mr. Anderson
    • A. 

      He can use his credit card to buy the living room set now.

    • B. 

      He can save money and pay cash for the living room set at a later date.

    • C. 

      He can use his debit card to buy the living room set now.

    • D. 

      He can save money and use his debit card to buy the living room set at a later date.

  • 2. 
    When I use my credit card the amount used come directly out of my bank account. 
    • A. 

      True

    • B. 

      False

  • 3. 
    Which statement best describes purchases made with a credit card? 
    • A. 

      Purchases made with this card are subject to no interest charges.

    • B. 

      Purchases made with this card can be paid over time.

    • C. 

      Purchases made with this card are withdrawn directly from your bank account.

    • D. 

      This card is issued by your financial bank.

  • 4. 
    Debit cards can affect your credit score? True or False
    • A. 

      True

    • B. 

      False

  • 5. 
    Which statement is truce about debit cards. 
    • A. 

      May cause unnecessary debt.

    • B. 

      May have an annual fee.

    • C. 

      Does not affect your credit score.

    • D. 

      Pay interest on all purchases made.

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