Credit vs Debit
Presentation
•
Business
•
6th - 8th Grade
•
Medium
Corey Troxell
Used 163+ times
FREE Resource
4 Slides • 6 Questions
1
Cash vs. Credit
2
Checking Account
A bank account
Make deposits or withdrawals from your account
Transfer funds (money) between another bank account
Balance your account with a check register
3
Debit Cards
Money immediately removed from the bank account
Linked to a checking or savings account
Withdraw cash
Spend only what you have in your bank account
4
Credit Cards
Buy now, pay later
Interest charged if borrowed amount is not fully repaid
Spending limit
Withdrawal fee
5
Multiple Choice
This card is tied to your checking account.
Debit Card (DC)
Credit Card (CC)
6
Multiple Choice
What is a credit card?
a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit.
A card that has a set balance that you can only use at one place.
A card with the money from your checking account.
7
Multiple Choice
Credit card
Debit card
both
8
Multiple Choice
You have three cards, Debit Card, Visa Credit Card that has a 10% interest charge on purchases and a MasterCard that has a 14% interest charge on purchases.
You have to buy a new tire for your used car. The tire is $100 at Discount Tire and you use your DEBIT CARD, how much will you have to pay for the tire.
$100
$110
$114
9
Multiple Choice
You have three cards, Debit Card, Visa Credit Card that has a 10% interest charge on purchases and a MasterCard that has a 14% interest charge on purchases.
You are at McDonalds and buy a Big Mac meal for $10 and you use your Visa CREDIT CARD, how much will you have to pay for the meal.
$11
$10
$11.40
10
Multiple Choice
You have three cards, Debit Card, Visa Credit Card that has a 10% interest charge on purchases and a MasterCard that has a 14% interest charge on purchases.
You are at the Apple store and buy a new MacBook Pro 16' for $2000 and you use your MasterCard CREDIT CARD, how much will you have to pay.
$2000
$2200
$2280
Cash vs. Credit
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