What Is One Thing That the Credit Card Act of 2009

question 78

Multiple Choice

What is one thing that the Credit Card Act of 2009 does not cover?

• A) Students cannot have a credit card if they do not have a job
• B) Consumers under 21 must have a cosigner or large enough income to cover payments
• C) Credit card companies can't offer free gifts for applying if they are on a college campus
• D) Credit card companies can only offer incentives if they are over 1,000 feet off of a college campus

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Definitions:

Homogeneous Products

Goods that are identical in quality and cannot be distinguished from one another by consumers.

Free Entry

Free entry is a market condition where businesses can enter and exit the market without facing significant barriers or costs.

Competitive Price-Taker

A firm or individual in a market structure that has no control over the market price and must accept the prevailing market price for its product or service.

Output

The total amount of goods or services produced by a person, machine, company, or economy.