Which of the Following Practices by a Credit Card Company

question 33

Multiple Choice

Which of the following practices by a credit card company results in lower interest charges to the cardholder?

• A)The card company states interest as a monthly percentage rather than an annual percentage.
• B)The card company allows a grace period before interest is accrued.
• C)The card company allows cardholders to skip payments on their cards.
• D)The card company calculates finance charges from the date of purchase to the date the amount is paid.

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Definitions:

Seligman

Seligman is known for his contributions to positive psychology, notably the concept of "learned helplessness" and theories surrounding optimism and well-being.

Thorndike

An American psychologist known for his work on learning theory and the law of effect, which states that behaviors followed by satisfying consequences are likely to be repeated.

Observational Learning

Acquiring new behaviors or information by watching the actions or expressions of others.

Operant Conditioning

is a learning process through which the strength of a behavior is modified by reinforcement or punishment.