All of the Following Are Provisions of the Credit CARD

question 104

Multiple Choice

All of the following are provisions of the Credit CARD Act of 2009, except

• A) cardholders must be given at least 21 days from the day in which the bill is mailed to make a payment.
• B) cardholders younger than age 21 must show proof of their income or have a co-signer.
• C) cardholders can spend beyond the limit imposed on the credit card.
• D) promotional interest rates must be offered for a period of at least six months.

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Definitions:

Main Objective

The primary goal or purpose of an activity, project, or mission.

Building Goodwill

The process of creating positive feelings or attitudes towards oneself or an organization, often by being kind or helpful.

Your Convenience

A phrase often used to suggest a time or place that is easy and suitable for someone to meet or do something.

General Favorable

An overall positive or advantageous condition or situation.