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:

Market Price

The current price at which an asset or service can be bought or sold in a given market.

Added Cost

Additional expenses incurred beyond the initially planned or budgeted amounts.

Fully Discharged

The status of having completely fulfilled a responsibility, duty, or debt, releasing the subject from further obligations.

Bill Of Sale

A legal document that details a transaction between two parties, transferring ownership of personal property from the seller to the buyer.