Which of the Following Is Not True About Credit Card

question 113

Multiple Choice

Which of the following is not true about credit card costs?

• A)You can avoid annual fees by shopping around but the tradeoff for no annual fee might be a higher interest rate.
• B)Over-limit fees are charged whenever you exceed your credit line.
• C)6% of late-payment fees are incurred by college students.
• D)Cash advance fees are often about 1% of the amount borrowed.

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Definitions:

Physical Attractiveness

The degree to which a person's physical features are considered aesthetically pleasing or beautiful by others.

Similarity

The degree to which two or more things resemble each other in terms of attributes, characteristics, or qualities.

Fundamental Attribution Error

The tendency to overemphasize personality traits and underestimate situational factors when explaining others' behaviors.

Availability Heuristic

A cognitive rule of thumb that says that the perceived probability of an event or the importance assigned to it is based on its availability in memory.