Typically, a Credit Card Company Will Use Information About a Customer's

question 16

Multiple Choice

Typically, a credit card company will use information about a customer's age, gender, income and past credit history to assess his or her credit risk. This is an example of:

• A) single-source data.
• B) data conversion.
• C) customer discovery.
• D) sequence discovery.

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Definitions:

Price Inelastic

Describes a situation where the demand for a product does not change significantly when its price changes.

Tax Revenue

The financial earnings governments receive via taxing.

Perfectly Price Inelastic

A situation where the quantity demanded of a good or service does not change in response to a change in price.

Consumption

The use of goods and services by households.