All of the Following Are True About Credit Cards Except

question 31

Short Answer

All of the following are true about credit cards except
credit cards are a store of value.
credit cards are quite convenient.
2 to 5 percent of total credit-sales dollars goes to card issuers.
credit cards serve as a temporary medium of exchange.
credit cards are extremely profitable for the companies that issue them.

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Definitions:

Key Elements

Essential components or factors that are crucial for understanding or resolving a particular concept or situation.

Group Consciousness

The awareness, identity, or solidarity shared among members of a group, reflecting their common interests and attitudes.

Shared Values

Fundamental beliefs or ethics held in common by members of a group, organization, or society that influence behavior and decision-making.

Semiotic Analysis

The study of signs and symbols, their use and interpretation.