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Methods of Payment/Keeping Records
Quiz by AMBER SPENCE
Track each student's skills and progress in your Mastery dashboards
Which of the following is an advantage of using a debit card to buy gas?
Which of the following is an advantage of using a check to pay for a necklace?
Which of the following is a disadvantage of paying for guitar lessons with an electronic payment?
Which of the following is an advantage of using cash to pay for pizza delivery?
Which of the following is a disadvantage of using a credit card to pay for a tablet computer?
Which of the following is a disadvantage of using cash to pay for an umbrella in a rainstorm?
Edna wants to buy a new tablet. She can pay for the tablet with 6 automatic monthly payments of $75. There is a $0.90 processing fee per payment.
What is the total cost of buying the tablet with automatic payments?
Candice used her credit card to buy a designer purse that costs $249. If she pays off the balance over the next four months, she will pay $10.45 in total interest.
If Candice pays off her credit card in four months, how much will she pay in all for the purse?
Justin wants to buy a guitar that costs $175. If he buys it with a debit card, he will be charged a processing fee of $2.
What is the total cost of buying the guitar with a debit card?
Janelle used her credit card to buy a wedding dress that costs $475. The store charges a $1.95 processing fee to use a credit card. If she pays off the balance over the next three months, she will also pay $8.43 in total interest.
If Janelle pays off her credit card in three months, how much will she pay in all for the wedding dress?
Andy bought a used car to drive to school. He paid $500 when he got the car, and he will pay the rest with 12 automatic monthly payments of $190.
What is the total cost of buying the used car with automatic payments?
Allie's mom used a credit card to buy her a prom dress that costs $129. If Allie's mom pays off the balance over the next three months, she will pay $4.61 in total interest.
If Allie's mom pays off her credit card in three months, how much will she pay in all for the dress?
This is Jaden's complete financial record for July.
How much money did Jaden spend on an app download?
This is Carter's complete financial record for April.
At the start of April, how much money did Carter have?
This is Whitney's complete financial record for October.
How much money did Whitney spend on October 14?
This is Franco's complete financial record for September.
At the end of September, how much money did Franco have?
This is Joel's complete financial record for January.
How much were Joel's expenses in January?
This is Jane's complete financial record for November.
How much more money did Jane spend on November 17 than on November 19?
Darnel keeps this financial record.
On July 22, Darnel received $37.00 in tips. Fill in what would go in the blank in the Received column.
Darnel keeps this financial record.
On July 22, Darnel received $37.00 in tips. True or False: Nothing would be input into the Expenses column because receiving tips is not an expense.
Darnel keeps this financial record.
On July 22, Darnel received $37.00 in tips. Fill in what would go in the blank in the Available Funds column.
Ed keeps this financial record.
On January 25, Ed ordered a trivia game that cost $13.60. True or False: $13.60 would go in the Received column because ordering a trivia game is an income, not an expense.
Ed keeps this financial record.
On January 25, Ed ordered a trivia game that cost $13.60. Fill in what would go in the blank in the Expenses column.
Ed keeps this financial record.
On January 25, Ed ordered a trivia game that cost $13.60. Fill in what would go in the blank in the Available Funds column.