All of the Following Are True About Credit Cards Except

question 31

Multiple Choice

All of the following are true about credit cards except

• A) credit cards are a store of value.
• B) credit cards are quite convenient.
• C) 2 to 5 percent of total credit-sales dollars goes to card issuers.
• D) credit cards serve as a temporary medium of exchange.
• E) credit cards are extremely profitable for the companies that issue them.

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Definitions:

Consumer Reactions

The responses or behaviors of consumers towards products, services, or marketing strategies.

Ground Beef

Meat that has been finely chopped by a meat grinder or a chopping knife, typically made from beef, but can be from other meats.

Framing

The way an issue is posed; how an issue is worded can significantly affect decisions and judgments.

Winter Coat

A piece of outerwear designed to keep the body warm during cold weather conditions.