Andy Blake Got a Call Yesterday from Planet Bank,the Company

question 8

Multiple Choice

Andy Blake got a call yesterday from Planet Bank,the company that issued his credit card inquiring about an $85.00 charge made in Caracas,Venezuel A.Upon learning that Andy had not made this purchase,the Bank quickly took steps to cancel the card and issue a new one.Given the circumstances that Andy's credit card number had an illegal transaction,Andy may also want to:

• A)Check his computer's firewall to make sure its working.
• B)Cancel his account with Planet Bank,altogether and eliminate credit cards from his life.
• C)Check his credit report.
• D)Diversify his spending habits by using one of several credit cards when making purchases.

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Definitions:

Consumption Bundle

A collection or combination of various goods or services that an individual consumer purchases or consumes.

Slope

In mathematics, the slope of a line is a measure of its steepness, often calculated as the ratio of the vertical change to the horizontal change between two points on the line.

Indifference Curve

An indifference curve represents a graph showing different bundles of goods between which a consumer is indifferent, meaning they derive the same level of utility from each.

Midterm Grade

An evaluative score or assessment typically given to students halfway through a term to indicate their academic performance up to that point.