When a Business Accepts Credit Cards from Customers in Payment

question 7

True/False

When a business accepts credit cards from customers in payment of sales,the business has to pay a fee to the credit card processor.

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Definitions:

Fruit Juice

A beverage made from the extraction or pressing of the natural liquid contained in fruit.

Japanese Yen

The official currency of Japan, represented symbolically as ¥ and known for its role in international finance and trade.

US$ Appreciates

A situation where the US dollar increases in value compared to other currencies, making foreign goods and services cheaper for US consumers.

Exchange Rate

The Exchange Rate is the value of one currency for the purpose of conversion to another.