One Major Advantage of Credit Cards Used for Transactions Is

question 129

Multiple Choice

One major advantage of credit cards used for transactions is that they

• A)offer discounts on most transactions.
• B)charge a lower interest rate than other means of payment.
• C)give consumers the lowest prices on products purchased.
• D)allow consumers to coordinate timing and payment for purchases.

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Definitions:

Senatorial Election

A political process through which individuals are elected to represent a state or equivalent entity in the senate.

Expected Value

The average of all possible outcomes of a random variable, weighted by their respective probabilities.

Sample Proportions

Statistics used to estimate the fraction or percentage of a population that exhibits a particular characteristic, based on a sample.

Population Proportions

The fraction or percentage of members in a population that exhibit a particular characteristic.