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Debit Card v Credit Card Assessment 6th Grade PACE Math

Last updated almost 4 years ago

5 questions

Required

10

Required

10

Required

10

Required

10

Required

10

Question 1

1.

Which of the following is true?

A debit card loans you money to spend that you have to pay back at the end of the month.

Credit cards are a better choice in every scenario.

Debit cards are limited by how much money you have in your bank account.

At the end of every month you HAVE TO pay off your credit card or else you are fined.

Question 2

2.

True or False: If you do not pay off your credit card at the end of the month, you end up having to pay more money the next month.

True

False

Question 3

3.

True of False: It is always a good idea to pay off your credit card at the end of the month.

True

False

Question 4

4.

Resequence the following for the best chronological order.

Use your credit card to purchase a home.
Get a credit card.
Start building up credit by trying to pay off your credit card every month.

Question 5

5.

IN YOUR OPINION: If you could only have one card (a credit card OR a debit card), which one would you get? Why?