Which of the Following Is True About Credit Cards

question 79

Multiple Choice

Which of the following is true about credit cards?

• A) It has no spending limit.
• B) It has no interest charged on unpaid balances.
• C) It is the same as a charge card.
• D) It protects the consumer by an automatic 30-day dispute period.

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Definitions:

Relevant Employee Union

A labor organization that represents the interests of workers within a specific industry or company.

AASB 119

An Australian Accounting Standard that specifies the accounting for employee benefits, including pensions and other post-employment benefits.

Long Service Leave

An employee benefit offering paid leave to employees who have served a particular period of time with the same employer or industry.

Legal Entitlement

The right of an individual or entity to have or do something according to the law.