Which of the Following Statements About the Cash Advances That

question 44

Multiple Choice

Which of the following statements about the cash advances that the holder of a bank credit card can obtain from participating banks is true?

• A) Cash advances are loans on which interest begins to accrue only when the borrower uses them to make purchases.
• B) Cash advances without any limits can be withdrawn from an automated teller machine (ATM) using credit cards.
• C) Cash advances obtained from the teller window at a bank are limited by the unused credit in the borrower's account.
• D) Cash advances can be obtained only during the hours the bank is open.
• E) Cash advances are loans obtained from an automated teller machine (ATM) using credit cards that do not allow merchandise purchases.

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Definitions:

Utilitarian Justice

A principle focusing on the greatest happiness or benefit for the greatest number of people as the measure of what is just.

Rawlsian Justice

A theory of justice developed by John Rawls that emphasizes equal basic rights, equality of opportunity, and the promotion of the interests of the least advantaged members of society.

Social Contract

A theory or model that explains the origin of society and government as an implicit agreement among individuals to ensure collective security and welfare.

Distributional Justice

The ethical consideration of the fairness in the spread of wealth, income, and resources among all members of society.