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:

Brand Name

A distinctive title or symbol that identifies a product and differentiates it from competitors.

Trademark

A symbol, word, or phrase legally registered or established by use as representing a company or product, protecting the brand's identity.

Business-Generated Revenue

Income that a company earns from its activities, typically from the sale of goods or services to customers.

Sole Proprietorships

A business structure owned by one person, where there is no legal distinction between the owner and the business entity.