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Credit Card 6th grade Flashcards | StudBud
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Credit Card 6th grade
Credit Card 6th grade
17 terms
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StudBud Administration
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2,239 plays
Credit Care, Finance, Personal Finance
Flashcards
17 cards
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Practice quiz
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Questions
17
Answers
1
Disadvantage of paying for an item with a credit card.
You will have to pay interest if not paid in full.
Money will always come out of your checking.
You don't have to remember your PIN.
You always pay fees even if you paid on time.
2
How are debit cards and credit cards similar?
Both charge interest.
Both come from your checking.
Both are a loan from the bank.
Both issued from the bank.
3
The money I spend with this card is a loan from the bank or credit card company.
Checking
Credit Card
Savings
Debit Card
4
If you pay your balance in full on this card they still charge you interest.
False
True
5
ATM stands for...
Automatic Task Money
Accredited To Money
Automatic Teller Machine
Association Teller Management
6
PIN stands for.....
Personal Identity New
Professional In Numbers
Personal Identification Number
Personal In Numbers
7
Disadvantage of using a debit card to access cash to pay for an item.
If some steals your card you are responsible.
You must have enough money in your account.
You will never pay a fine.
You don't have to have enough money in your account.
8
This card may charge you a late fee and interest for purchases made.
Paycheck
Credit Card
Debit Card
Checking
9
Putting money away to spend later.
Spending
Saving
Checking
Bank
10
Which cards shows purchases on a monthly statement?
Debit and Credit Card
Checks
Debit Card
Credit Card
11
Interest is charged on unpaid balances with this card....
Debit and Credit Card
Debit Card
Checking Account
Credit Card
12
I must have enough money in my checking to pay for my purchases in order to use this card.
Debit Card
Visa
Credit Card
Discover
13
Advantages of using a credit card to pay for an item?
It is a way to pay for emergency expenses.
Because of Interest, you get more money.
You will not pay more for an item if you don't pay on time.
You don't have to pay any fees.
14
This card may charge you a yearly fee.
Savings Account
Credit Card
Checking Accounts
Debit Card
15
The money I spend with this card comes from my existing account.
Debit Card
Visa
Chase
Credit Card
16
Which card shows the amont of a purchase deducted from a customer's account?
Debit and Credit Card
Debit Card
Credit Card
Visa
17
Advantage of using a debit card to access cash to pay for an item.
Don't have to carry cash or checkbook.
You have to remember your PIN.
Everyone knows your PIN.
You don't have to have enough money.
