Which of the Following Statements Is True of Credit Cards

question 108

Multiple Choice

Which of the following statements is true of credit cards?

• A) They can improve your credit score by allowing you to establish a history of prompt payments.
• B) They are solely issued to people who have a specific amount of savings in their retirement account.
• C) Warranty is not offered on products purchased using a credit card.
• D) Credit card companies do not charge an annual fee from cardholders if the card remains unused for at least 120 days.

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Definitions:

Avolition

A symptom of various psychiatric disorders, characterized by a lack of motivation to initiate and complete tasks.

Long-term Amnesia

A significant loss of memory that extends over long periods, often resulting from brain injury or psychological trauma.

Schizophrenia

A chronic and severe mental disorder affecting how a person thinks, feels, and behaves, characterized by delusions, hallucinations, disorganized speech, and impaired cognitive function.

Religious Delusions

False beliefs that involve religious themes or content, often observed in individuals with psychotic disorders like schizophrenia.