Which of the Following Statements Is Not True of Prepaid

question 54

Multiple Choice

Which of the following statements is not true of prepaid cards?

• A) Many fees may be associated with them.
• B) Some prepaid cards can be used to withdraw cash from ATMs.
• C) They can be useful in rebuilding an individual's credit record.
• D) They offer less protection against theft than standard credit cards.

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Definitions:

Encoded

The process of converting information into a particular form for efficient storage, communication, or processing, often used in the context of memory or data transmission.

Consolidated

Combined or united to form a single entity or whole, often making something stronger or more coherent.

Short-Term Memory

Information and input that is currently activated.

Long-Term Memory

The phase of the memory process that is capable of storing information for extended periods, ranging from hours to a lifetime.