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:

Planetary Dominance

The hypothetical or fictional concept of a single entity possessing control or influence over an entire planet or significant portions of it.

Ideological Absolutes

Rigidly held beliefs or principles that are considered unquestionably true by their adherents, often leading to inflexible thinking.

Persuasiveness

The ability to convince others to accept a particular view, argument, or course of action through effective communication.

Critical Thinkers

Individuals who actively engage in the process of skillful reasoning as a guide to belief or action.