All of the Following Are Disadvantages of Proprietary Credit Cards

question 4

Multiple Choice

All of the following are disadvantages of proprietary credit cards, except

• A) your purchases are limited to a single merchant per card.
• B) you may need several credit cards.
• C) you receive several billing statements.
• D) it takes considerable time to process your application to allow you to begin obtaining credit.

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Definitions:

National Standard

Officially recognized guidelines or specifications set by a country, covering various aspects such as quality, safety, and efficiency.

Technological Improvements

Enhancements or advancements in technology that increase productivity or efficiency in processes, products, or services.

Real Income

An individual's income adjusted for inflation, reflecting the actual purchasing power of the income.

Producing Automobiles

The process of manufacturing cars, which involves assembling various components like engines, frames, and electronics.