Phil Has a Credit-Card from Credible Cards,Inc

question 34

Multiple Choice

Phil has a credit-card from Credible Cards,Inc. Credible Cards decides to make changes to Phil's credit-card terms. Credible Cards

• A)must give Phil at least thirty days' notice before changing the terms.
• B)must give Phil at least forty-five days' notice before changing the terms.
• C)need not give Phil any notice before changing the terms.
• D)is not allowed to change the terms.

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Definitions:

International Monetary Fund

An international organization dedicated to fostering global monetary cooperation, securing financial stability, and facilitating international trade.

Founded

The act of establishing something (e.g., a company, organization, or institution) usually at a specific date.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold, ensuring that the government could redeem any amount of paper money for its value in gold.

Federal Reserve Board

The governing body of the Federal Reserve System, responsible for overseeing the United States' central banking system.