Which of the Following Is Not True About Annual Fees

question 89

Multiple Choice

Which of the following is not true about annual fees on credit cards?

• A) The fees are the same on all credit cards.
• B) The fees may be high, amounting to several hundred dollars per year for some prestige cards.
• C) Many cards do not have annual fees.
• D) Some cards may waive the fees for individuals who pay their credit card bills in a timely manner.

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Definitions:

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the 1930s aimed at restoring economic stability in the United States.

Inflation

A general increase in prices and fall in the purchasing value of money over a period.

Recession

A period of significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Tax Rates

The percentages of income or value of goods that individuals or companies must pay to the government.