8/6/18 homework

Dear Students,

Answer the questions and hand it in tomorrow. 

Level 1: Please answer questions 1-3
Level 2: Please answer questions 1-6
Level 3: Please answer questions 1-9

**All homework must be signed by a parent.**

Directions: Circle the correct answer in each of the question boxes.

	Credit Card	Debit Card
Connected To #1	Does it have to be connected to a checking or savings account? Yes/No	Does it have to be connected to a checking or savings account? Yes/No
Monthly Bills #2	Are there monthly bills? Yes/No	Are there monthly bills? Yes/No
Application Process #3	Do you need to have a job to apply for a credit card?  Yes/No	Do you need to have a job to apply for a debit card?  Yes/No
Spending Limit #4	Do credit cards have a spending limit? Yes/No	Do debit cards have a spending limit? Yes,  it depends on how much money you have in your account No
Interest Charged #5	Does interest get charged on a credit card? Yes/No	Does interest get charged on a debit card? Yes/No
Security #6	Are credit cards considered to be very secure from criminal activity? Yes/No	Are debit cards considered to be very secure from criminal activity? Yes, as long as no one else knows your PIN number No
Fraud Liability #7	Do credit card companies hold you responsible for all payments in the event your credit card gets stolen? Yes/No	Do debit card companies hold you responsible for all withdrawals in the event your debit card gets stolen? Yes No Depends how long it takes you to report the crime
Overdraw Fees #8	Do credit cards have overdraw fees? Yes/No	Do debit cards have overdraw fees? Yes/No
PIN #9	Do credit cards have a PIN number? Yes/No	Do debit cards have a PIN number? Yes/No