Which of the Following Types of Credit Cards Always Have

question 17

Multiple Choice

Which of the following types of credit cards always have an annual fee?

• A) MasterCard
• B) Visa
• C) Retail
• D) American Express
• E) Discover

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Definitions:

Operating Expense

Operating expense refers to the costs associated with the day-to-day operations of a business, excluding direct production costs.

Investing Activity

Transactions involving the purchase and sale of long-term assets and other investments, not directly related to the entity's primary business operations.

Land

Land is a tangible asset representing a piece of earth's surface which is owned and has a specific value attached to it, often used for commercial or residential purposes.

Income Tax Expense

The total amount of income tax that a company calculates it owes for a specific period.