EverFi Payment Types Module 3

EverFi Payment Types Module 3

Assessment

Assessment

Created by

Pamala Smith

Other

9th - 12th Grade

507 plays

Hard

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20 questions

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1.

Multiple Choice

30 sec

1 pt

1. Which of the following payment types require you to pay upfront?

a. Money order

b. Cashier's check

c. Pre-paid card

d. All of the above

2.

Multiple Choice

30 sec

1 pt

2. Which of the following is true?

a. Checks and Debit Cards both withdraw money directly from a bank account.

b. Checks are the most widely accepted form of payment

c. Debit Cards often have a higher interest rate than Credit Cards.

d. Debit cards offer the highest level of fraud protection.

3.

Multiple Choice

30 sec

1 pt

3. Which of the following statements comparing debit cards to credit cards is TRUE?

a. Debit cards allow you to draw funds directly from your checking account.

b. Debit cards typically offer greater fraud protection than credit cards.

c. Debit cards never require a signature to finalize a purchase like credit cards.

d. Debit cards charge higher interest rates on purchases than credit cards.

4.

Multiple Choice

30 sec

1 pt

4. Which of the following is NOT true of credit cards?

a. They offer the highest level of fraud protection.

b. They are the best payment type to use when trying to stick to a budget.

c. You can be charged a fee if you are late making a monthly payment.

d. Some offer rewards, like cash back or airline miles.

5.

Multiple Choice

30 sec

1 pt

5. Which payment method typically charges the highest interest rates?

a. Credit cards

b. Cashier's checks

c. Pre-paid cards

d. Payday loans

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