One of the Ugliest Secrets About Using Your Credit Card

question 58

Multiple Choice

One of the ugliest secrets about using your credit card for a cash advance is that ________.

• A) there is usually a 2% to 4% up front fee on the amount
• B) the APR on the cash advance is typically higher than the APR for normal purchases
• C) payments do not apply to cash advance balances unless the balance for regular credit purchases is zero.
• D) all of the above apply to cash advances
• E) all but B apply to cash advances

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Definitions:

Hippocampus

A region of the brain that is associated with the formation of new memories and is involved in learning and emotions.

Temporal Lobes

Structures in the cerebral cortex that are located just above the ears and are involved in hearing, language processing, and memory.

Declarative Memory

A type of long-term memory concerning the recall of factual information, such as events, words, and concepts.

Rehearsal

The cognitive process of repeatedly practicing or going over information to keep it in memory.