If a Credit Card Is Issued to a Consumer Under

question 5

Multiple Choice

If a credit card is issued to a consumer under the age of 21,the credit card company is required to

• A) obtain the signature of a cosigner who has the means to repay any debt.
• B) give a 60-day notice before making any rate hikes.
• C) notify the cardholder's parents so they can monitor their child.
• D) set reasonable spending limits.

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Definitions:

Convert

To change something into a different form, function, or state.

Divisor

A number by which another number is to be divided.

Numerical Expression

A mathematical statement that includes numbers, operations, and sometimes variables, but does not contain an equality or inequality sign.

Designated Whole Number

A specific, named integer that has been allocated for a particular purpose or identified in a particular context.