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:

Corner Solution

A situation in optimization problems where the solution lies at the boundary or corner of the feasible set, often due to constraints.

Marginal Utility

Marginal utility refers to the additional satisfaction or benefit one receives from consuming an additional unit of a good or service.

Pepsi

A carbonated soft drink manufactured by PepsiCo, serving as one of the most recognized brands globally in the beverage industry.

Utility Function

A mathematical representation that ranks individuals' preferences for sets of consumption bundles.