What Is Skimming

question 37

Multiple Choice

What is skimming?

• A)Putting the minimum required on each debt payment
• B)A tight budget
• C)Stealing information from a credit card by swiping it through a processing machine
• D)Moving balances between credit accounts

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Definitions:

Investment

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Exit Strategy

A plan developed by an investor, entrepreneur, or business owner to sell their stake in a company to realize their profits or minimize losses.

Venture Capital

Financing that is provided by investors to startup companies and small businesses with perceived long-term growth potential.

Buyback

A financial transaction in which a company repurchases its own shares from the marketplace, reducing the amount of outstanding stock.