A Credit Card Is a Form of Payment Authorizing the Collector

question 116

True/False

A credit card is a form of payment authorizing the collector to transfer funds electronically from the payer's bank account to the collector's bank account.

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Definitions:

Mathematical Expression

A combination of numbers, operators, and sometimes variables that represents a mathematical relationship or value.

Exponentiation

A process of multiplying a number by itself a specified number of times, indicated by the exponent.

Percentage Difference

A measure of the relative difference between two values, expressed as a percentage.

Mathematical Calculation

The process of solving a mathematical problem by using arithmetic operations and algorithms.