Advantages and Disadvantages of Payment Methods

Advantages and Disadvantages of Payment Methods

Assessment

Assessment

Created by

SEVEN Idiomas

6th - 8th Grade

Hard

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10 questions

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1.

Multiple Choice

30 sec

1 pt

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

30 sec

1 pt

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

30 sec

1 pt

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

30 sec

1 pt

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

30 sec

1 pt

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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