Remember: Debit uses my own coins now. Credit uses the bank's coins now and mine later. Neither is a gift. These are pretend coins in a made-up town; keeping a real card safe is a grown-up job.
Read and answer
Read the story first, then answer.
Two cards in Quill RowIn the pretend town of Quill Row, Ru wanted a book that cost 6 coins and had two cards, debit and credit. The account at the village bank held 20 coins, all Ru's own. First, Ru tapped the debit card. Six coins left the account at once, so the account now said 14, and the book was Ru's. A debit card can only spend what the account holds. With only 4 coins in the account, the 6-coin book would be a no, and nothing is owed. Next came the credit card. Ru tapped, and the bank paid the shop 6. Those were the bank's coins, not Ru's, so the account still said 20. A bill for 6 coins was on its way, due at month's end. At month's end Ru paid the whole bill, 6 coins to the bank, and the account said 14, just like debit, with no extra in this village. But say Ru pays only 2. Then 4 coins are still owed, and the extra for waiting starts to grow. With debit, Ru's coins go now. With credit, the bank's coins go now and Ru's go later. Neither card is a gift.
1
Look at the table. After the debit tap, Ru's account says .
2
After the credit tap, the shop was paid with Ru's own coins.
TrueFalse
3
Ru's account holds only 4 coins. Which card is turned down for the 6-coin book?
Credit, because it can only spend what the account holdsDebit, because it can only spend what the account holdsNeither one is turned down
4
Of the 6-coin credit bill, 2 coins crossed out are paid. Still owed: coins.
5
Pay the whole 6-coin credit bill at month's end, and Ru's account ends at 14, just like debit.
TrueFalse
6
Which sentence is true about credit?
Ru's own coins go firstThe bank's coins go first, and Ru's go laterNobody pays the shop
Sort, order and fix
7
Circle every thing that is DEBIT.
Takes Ru's own coins at onceThe bank pays the shop firstThe account falls at the tapA bill comes at month's endCan only spend what the account holds
8
Join each one to what it means.
1Debit
2Credit
3Bill
4The extra
ARu's own coins go now
Bgrows when part of a bill is left owing
Cthe bank's coins go now, Ru's later
Dwhat is owed, due at month's end
9
Number a credit buy, first to last.
Ru pays the bank back
Ru taps the credit card
A bill for 6 arrives
The bank pays the shop 6
10
Ru says: credit is a gift, because the bank paid the shop. Is Ru right?
YesNo
11
Kit says: with debit, the bank's coins go first. Which fix is right?
With debit, Ru's own coins go nowWith debit, nobody's coins goDebit and credit are the same
12
Stretch: Ru buys two 6-coin books with debit from an account of 20. The account then says .
13
Write three pretend buys, and for each say whose coins go first with debit and with credit.
14
Draw Ru's account page before and after a debit tap.
Scan the code at the top to mark this sheet on screenTake a photo of your answers or type them. It is marked for you automatically, and your score is kept.
Answer key · Set A
Debit or credit?
114 20 − 6 = 14. A debit tap takes Ru's own coins at once.
2False The bank paid the shop. Those were the bank's coins, so Ru's account still said 20.
3Debit, because it can only spend what the account holds A debit card can only spend what the account holds. With four coins, the six-coin book is a no, and nothing is owed.
44 6 − 2 = 4. The extra for waiting starts to grow on what is left.
5True 20 − 6 = 14, with no extra in this village.
6The bank's coins go first, and Ru's go later With credit the bank's coins go now and Ru's go later.
7Takes Ru's own coins at once, The account falls at the tap, Can only spend what the account holds Debit is Ru's own coins, right now. The bank paying first and a bill at month's end are credit.
81-A, 2-C, 3-D, 4-B Debit uses Ru's coins first, credit uses the bank's first, a bill is what is owed, and the extra grows on what is left.
94, 1, 3, 2 Tap, the bank pays, the bill comes at month's end, and then Ru pays back.
10No Neither card is a gift. Each changes whose coins go first, and when.
11With debit, Ru's own coins go now Debit uses coins that are Ru's own, and they leave the account at once.
128 20 − 6 = 14, then 14 − 6 = 8.
13Your own words: a grown-up reads it.
Mark each answer, count the right ones and write the score on the sheet.