Which of the Following Statements Is True for Gift Cards

question 18

Multiple Choice

Which of the following statements is true for gift cards?

• A) The cards are subject to Truth in Lending Act (TILA) regulations.
• B) Recipients have 2 years to use the cards.
• C) A fee can only be assessed if the card has not been used within 6 months.
• D) A fee can only be assessed on the card if a customer is first notified of the fees.

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Definitions:

Decision Making

The intellectual activity involved in deciding on an action from a set of different choices.

Good Leaders

Effective individuals who inspire, motivate, and guide others toward achieving collective goals, often demonstrating strong communication, vision, and empathy.

Good Followers

Individuals who support leaders with loyalty, engagement, and constructive feedback, effectively contributing to the team's or organization's success.

Self-Management

The ability of an individual to manage their personal activities and behaviors in an effective manner without external control.