Credit and debit cards Quiz Welcome to your Credit and debit cards QuizPlease click "Next" Choose the best answerWhat is a credit card?It's a card that lets you collect pointsIt's a card that lets you borrow money from the bankIt's a card that lets you use your savings from the bank Choose the best answerWhat is a debit card?It's a card that lets you withdraw funds from your own savings accountIt's a card that lets you borrow from the bank even if you have no savingsIt's a gift card Choose the best answerIf you use a credit card, do you pay a transaction fee for every purchase you make with a card?YesNo Choose the best answerIf you fail to pay the balance on the credit card at the end of each month, what does the lender do?Calls you and offers more moneyCharges you daily interest on the balance you oweForgives you and offers another credit card Choose the best answerThere is often a transaction fee when you use a debit card to pay for something.What is "a transaction fee"?It is a certain amount of money you need to pay for using a debit cardIt is a fee the bank pays you for every transaction you makeIt is a fee you need to pay for being able to keep your money in the bank Time is Up!
