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:

Callable Bond

A type of bond that can be redeemed by the issuer before its maturity date at a specified price.

Redemption

The process by which securities or financial instruments are converted into cash or its equivalent value.

Collar

A protective options strategy that involves buying a put option and selling a call option on the same asset to limit the range of possible returns.

Putable Bond

A type of bond that allows the holder to sell the bond back to the issuer at a predetermined price before maturity.