With so many things to buy in today’s consumer-oriented world, shoppers have a variety of ways to pay for their purchases. They can pay in cash, by credit card or by debit card. Each mode of payment has its distinct advantages and disadvantages. Take this quiz and find out which may be the most effective method for you.
Question 1 of 20
What is plastic money?
Question 2 of 20
When did the first universal credit card come on the scene?
Question 3 of 20
What is the major advantage of a debit card over a credit card?
Question 4 of 20
Who is Tony Howlett?
Question 5 of 20
What is Tony Howlett’s bold claim?
Question 6 of 20
In what way is plastic money better than cash?
Question 7 of 20
What aspect does cash have that plastic cards don’t?
Question 8 of 20
Which one of the following statements is true?
Question 9 of 20
How do credit cards and debit cards provide proof of ownership?
Question 10 of 20
If your credit card is lost or stolen, how much do you have to pay for any merchandise that was bought with your card?
Question 11 of 20
Under the Electronic Fund Transfer Act, what is the penalty for waiting more than two days to inform the bank about a lost or stolen debit card?
Question 12 of 20
What is a PIN?
Question 13 of 20
In the case of loss or theft, why is a debit card more secure for the owner than a credit card?
Question 14 of 20
How do credit card companies make money?
Question 15 of 20
On average, how much credit card debt does an American incur?
Question 16 of 20
How do banks make money from debit cards?
Question 17 of 20
In terms of modes of payment, which is the wisest method to use?
Question 18 of 20
How does making purchases in cash rather than plastic money help you economize?
Question 19 of 20
What is the pain of paying?
Question 20 of 20