Which One of the Following Statements Is True About Credit

question 23

Multiple Choice

Which one of the following statements is true about credit cards -

• A) credit card issuers charge a percentage of the sale as the transaction fee
• B) credit cards used and credit cards accepted use the same set of linked accounts
• C) the linked bank account for credit cards used is the payables linked bank account
• D) the linked asset account for credit cards accepted is the receivables linked bank account

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Definitions:

Altruism

A selfless concern for the well-being of others without expectation of reward or recognition.

Unselfishly

Acting with regard for the welfare of others rather than oneself; showing selflessness.

Welfare of Others

The health, happiness, and fortunes of other people considered collectively.

Shopping Mall

A large indoor retail complex containing various shops, restaurants, and sometimes entertainment facilities, designed for shopping convenience.