Which of the Following Is Not True Regarding Cash Advances

question 50

Multiple Choice

Which of the following is not true regarding cash advances on credit cards?

• A) They are treated just like other charges on your credit card.
• B) There is a charge for interest from the time you take the advance to the time you pay it off.
• C) There is also a transaction fee on most cash advances.
• D) The grace period does not apply to cash advances.

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Definitions:

Venture Philanthropists

Individuals or organizations that invest in non-profits or social enterprises with the expectation of generating a measurable social impact alongside a financial return.

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The most significant or inherent characteristics or qualities of an object, person, or concept.

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Individuals or groups that have an interest or concern in an organization and can affect or be affected by the business operations.

Social Entrepreneur

An entrepreneur focused on creating and implementing solutions to social, cultural, or environmental issues, often with an emphasis on innovative and sustainable change.