Experts Are Increasingly Sounding a Warning About Mounting Credit Card

question 63

Multiple Choice

Experts are increasingly sounding a warning about mounting credit card debt. Given that, which of the following would be an unwise strategy for a credit card company?

• A) Making sure the company's credit card rules are clear and easy-to-understand
• B) Charging the same interest rate as other credit card companies
• C) Ensuring that fees for exceeding credit limits are no higher than necessary
• D) Increasing the value of the promotional items that are used to attract new credit card customers
• E) Offering free debt counselling to credit card customers

---

Definitions:

Members

Individuals who belong to a group, organization, or community, typically sharing a common interest or purpose.

Opinionated

Having, expressing, or characterized by strong beliefs or judgments about something, often without regard to evidence or other people's views.

Motivated

Having a strong drive or incentive to accomplish a task, goal, or objective, often driven by internal or external factors.

Open Membership

A policy allowing anyone interested to join a group or organization without restrictions or prerequisites.