Your Credit Card Company Is Required to Send You a Notice

question 71

Multiple Choice

Your credit card company is required to send you a notice ________ before they can increase your interest rate,change certain fees (such as annual fees,cash advance fees,and late fees) ,or make other significant changes to the terms of your card.

• A) 1 day
• B) 15 days
• C) 45 days
• D) 60 days

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Definitions:

Business Operations

Encompasses all the activities and tasks that a business engages in on a day-to-day basis to run smoothly and efficiently, delivering goods or services to customers.

Essentials

Fundamental elements or components necessary for the basic functioning or success of a system, organization, or activity.

Succession Plan

A strategy for identifying and developing new leaders who can replace old leaders when they leave, retire, or die, to ensure organizational continuity.

Retirement Contingency

A plan or preparation for potential variables or unforeseen events that may affect one's retirement.