Debit Cards-Financial Literacy

Question 1

$$ (mandatory and optional) subtracted from the gross pay in order to calculate the net pay is?

Accepted Answer

withholding

Question 2

You can use the same card as a debit card or a credit card?

Accepted Answer

false

Question 3

If you sign your name for a debit card purchase it become a credit card purchase?

Accepted Answer

false

Question 4

You have the same consumer protections with a debit card that you do with a credit card?

Accepted Answer

false

Question 5

Your take-home pay after taxes and other withholding is:

Accepted Answer

net income

Question 6

The amount you earn before withholding is called?

Accepted Answer

gross income

Question 7

You can avoid overspending when you use a debit card?

Accepted Answer

sometimes

Question 8

A thief can use your debit card by signing your name or by making a purchase on line ?

Accepted Answer

true

Question 9

When you make a plan to spending money, it is called :

Accepted Answer

budget

Question 10

You must repay the amount you spend for any purchase you make with a debit card?

Accepted Answer

false

Questions 10