Methods of Payment/Keeping Records
Quiz by AMBER SPENCE
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measures 2 skills from
Track each student's skills and progress in your Mastery dashboards
- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
- Q1
Which of the following is an advantage of using a debit card to buy gas?
You may forget your personal identification number (PIN)
If your debit card is lost, you automatically lose your money.
Debit cards are east to carry and quick to use.
30s5.10.C: Personal Financial Literacy - Q2
Which of the following is an advantage of using a check to pay for a necklace?
You must have a checking account.
Checks are a fast way to send money.
You'll have a record of payment.
30s5.10.C: Personal Financial Literacy - Q3
Which of the following is a disadvantage of paying for guitar lessons with an electronic payment?
Not all businesses accept electronic payments.
You may choose the date to send electronic payments.
Electornic payments are a fast way to pay.
30s5.10.C: Personal Financial Literacy - Q4
Which of the following is an advantage of using cash to pay for pizza delivery?
You will automatically have a record of payment.
It will take a long time for the pizza place to get the money.
Cash is quick and easy to use.
30s5.10.C: Personal Financial Literacy - Q5
Which of the following is a disadvantage of using a credit card to pay for a tablet computer?
Credit cards are easy to carry and use.
If your credit card is lost or stolen, you automatically lose your money.
Credit cards are so easy to use that you must be careful not to spend too much.
30s5.10.C: Personal Financial Literacy - Q6
Which of the following is a disadvantage of using cash to pay for an umbrella in a rainstorm?
Cash is quick and easy to use.
If cash is destroyed, you lose your money.
There is not interest charges for using cash.
30s5.10.C: Personal Financial Literacy - Q7
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?
Users enter free textType an Answer120s5.10.C: Personal Financial Literacy - Q8
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?
Users enter free textType an Answer60s5.10.C: Personal Financial Literacy - Q9
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?
Users enter free textType an Answer60s5.10.C: Personal Financial Literacy - Q10
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?
Users enter free textType an Answer60s5.10.C: Personal Financial Literacy - Q11
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?
Users enter free textType an Answer120s5.10.C: Personal Financial Literacy - Q12
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?
Users enter free textType an Answer60s5.10.C: Personal Financial Literacy - Q13
This is Jaden's complete financial record for July.
How much money did Jaden spend on an app download?
$4.95
$4.45
$10.00
30s5.10.D: Personal Financial Literacy - Q14
This is Carter's complete financial record for April.
At the start of April, how much money did Carter have?
$236.60
$256.60
$249.00
$241.10
30s5.10.D: Personal Financial Literacy - Q15
This is Whitney's complete financial record for October.
How much money did Whitney spend on October 14?
$3.60
$15.00
$17.95
30s5.10.D: Personal Financial Literacy
