Methods of Payment
Presentation
•
Mathematics
•
5th Grade
•
Medium
+13
Standards-aligned
Kami Hayter
Used 61+ times
FREE Resource
0 Slides • 21 Questions
1
Multiple Choice
Using a card with $50 on it that has already been purchased from a store.
Cash
Debit Card
Credit Card
Gift Card
2
Multiple Choice
Paying with coins or bills.
Cash
Gift Card
Debit Card
Cheque
3
Multiple Choice
Sending money to a friend using email.
Cheque
Electronic Money Transfer
Cash
Debit Card
4
Multiple Choice
Using a card to pay for things with borrowed money.
Debit Card
Cheque
Gift Card
Credit Card
5
Multiple Select
Which method of payments would you use:
You owe your friend $20 after buying a game from him.
Cash
Cheque
Gift Card
Electronic Money Transfer
6
Multiple Choice
Which method of payment would you use:
You want to buy something for $50 from your bank account right now.
Gift Card
Debit Card
Credit Card
Cash
7
Multiple Choice
Which method of payment would you use:
You want to buy something expensive right now that you will pay for later.
Cheque
Electronic Money Transfer
Cash
Credit Card
8
Multiple Choice
9
Multiple Choice
10
Multiple Choice
11
Multiple Choice
12
Multiple Choice
13
Multiple Choice
Which of the following is a DISADVANTAGE of using CASH?
makes sticking to a budget easier
No transaction fees
limited to spending what you have
Instant money on hand
14
Multiple Choice
Which of the following is a DISADVANTAGE of using CHECK?
don’t have to carry around a lot of money
reduce the risk of losing money through accident or theft
have a record of purchases made with checks
some businesses do not accept checks.
15
Multiple Choice
Which of the following is an ADVANTAGE of using CHECK?
takes time to write a check when you make a purchase.
have a record of purchases made with checks
inconvenient to carry a checkbook
If your checkbook is lost or stolen, others may try to write checks on your account.
16
Multiple Choice
Which of the following is an ADVANTAGE of using DEBIT CARD?
enables you to get cash at many locations from ATMs
Debit cardholders who use their cards infrequently may forget their PINs
A debit card can be lost or stolen.
Some people forget to enter amounts for their purchases in a transactions register
17
Multiple Choice
Which of the following is a DISADVANTAGE of using DEBIT CARD?
small, so it is convenient and easy to carry around.
You can make purchases quickly and easily using a debit card.
Debit cardholders who use their cards infrequently may forget their PINs
Carrying it is safer than carrying cash or checks
18
Multiple Choice
Which of the following is a DISADVANTAGE of using CREDIT CARD?
easy to carry and use
can purchase things now and pay for them later
Fees and interest may be charged for the use of credit cards
are safer to use than cash or checks, since there is a limit on the amount of money that can be lost if the card is stolen
19
Multiple Choice
Which of the following is an ADVANTAGE of using CREDIT CARD?
easy to forget that each time a credit card is used, debt is created; too much debt might be difficult to repay
Fees and interest may be charged for the use of credit cards
can purchase things now and pay for them later
none of the above
20
Multiple Choice
Which of the following is an ADVANTAGE of using ONLINE PAYMENT?
You can buy goods and services nationwide or internationally.
You may forget your password or user name
If you make a purchase at a non-secure website, you could be a victim of identity theft.
You may pay an additional shipping fee for goods purchased and sent to you
21
Multiple Choice
Which of the following is a DISADVANTAGE of using ONLINE PAYMENT?
You can make payments from your home.
It’s convenient.
You don’t need an envelope, stamps, and a walk to the mailbox to send in your payment.
You may pay an additional shipping fee for goods purchased and sent to you
Using a card with $50 on it that has already been purchased from a store.
Cash
Debit Card
Credit Card
Gift Card
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