Preauthorized Payments Allow Customers To

question 49

Multiple Choice

Preauthorized payments allow customers to:

• A) pay the bills using a credit card.
• B) arrange with their bank to have the account debited directly.
• C) allow creditors to charge their credit card directly.
• D) agree to pay the loan in fixed installments, with interest.

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Definitions:

Devalues Its Currency

A country intentionally lowering the value of its national currency relative to other currencies to boost exports and improve its trade balance.