Major Advantages of Credit Cards to the Retailer Include All

question 189

Multiple Choice

Major advantages of credit cards to the retailer include all of the following except the

• A) issuer does the credit investigation of customers.
• B) issuer undertakes the collection process.
• C) retailer receives more cash from the credit card issuer.
• D) All of these answers are correct.

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Definitions:

Accounting Identity

A fundamental equation that must always hold true, often without regard to time or specific instances, in accounting and economics.

Government Purchases

Expenditures by the government sector for goods and services that are consumed within the current period.

Closed Economy

An economic system that does not interact with other economies in terms of international trade or financial transactions.

Public Saving

The difference between tax revenues and government expenditures, typically representing the amount of surplus funds the government has.