A ____ Occurs When a Financial Institution Must Return Funds

question 39

Multiple Choice

A ____ occurs when a financial institution must return funds to a credit card company because the card holder refuses to pay a disputed charge.

• A) discount rate
• B) one-time setup fee
• C) chargeback
• D) per-transaction fee

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Definitions:

Social Media

Online platforms and technologies that enable users to create content, share information, and participate in social networking.

Branding

The process of creating a unique image, name, and identity for a product or company in the consumer's mind through marketing and design.

Differentiates

To distinguish or set apart something in terms of characteristics, quality, or performance.

Engaging Content

Content that captivates attention, stimulates interest, and motivates the audience to interact or take action.