Which of the Following Is Not True Regarding Cash Advances

question 50

Multiple Choice

Which of the following is not true regarding cash advances on credit cards?

• A) They are treated just like other charges on your credit card.
• B) There is a charge for interest from the time you take the advance to the time you pay it off.
• C) There is also a transaction fee on most cash advances.
• D) The grace period does not apply to cash advances.

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Definitions:

Likert Scale

A psychometric scale commonly involved in research that utilizes questionnaires, to measure respondents' attitudes or feelings towards a subject.

Attitudinal

Relating to, based on, or expressing an attitude, often referring to consumer attitudes towards products, brands, or services.

Dichotomous

Relating to or involving a division or contrast between two completely opposed or different things.

Dependent Variables

Variables in research that are expected to change as a result of an experiment's independent variable manipulation.