Which of the Following Is Not a Reason for the Popularity

question 24

Multiple Choice

Which of the following is not a reason for the popularity of credit cards?

• A)Convenience.
• B)It can be used to even out flows of expenditures.
• C)It is an alternative to holding large cash balances.
• D)Bank loans are more costly for amounts under a few thousand dollars when fixed costs and transaction costs are included.
• E)All of the above are reasons for the popularity of credit cards.

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Definitions:

Organic Product

Any chemical compound that results from the synthesis or reaction involving organic compounds, typically containing carbon-hydrogen bonds.

Fatty Acids

Long-chain hydrocarbons that end with a carboxylic acid group, a major component of lipids in biological systems.

Carbons

The chemical element with atomic number 6, fundamental to life, and the basis of organic chemistry.

Micelle

An aggregate of surfactant molecules dispersed in a liquid colloid, forming a molecular assembly that can solubilize hydrophobic molecules in its hydrophobic core.