Advantages and Disadvantages of Payment Methods
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Assessment
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SEVEN Idiomas
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6th - 8th Grade
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Hard
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10 questions
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1.
Multiple Choice
Which of the following is an ADVANTAGE of using CASH?
almost impossible to track
can be lost or stolen
limited to spending what you have
people think twice before making an impulse purchase
2.
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
3.
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.
4.
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.
5.
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
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