Which of the Following Are True Regarding Secured Credit Cards

question 41

Multiple Choice

Which of the following are true regarding secured credit cards?

• A) A secured credit card requires a security deposit equaling the credit limit of the card
• B) If payments are not received,the credit card company can receive its money by cashing in the security deposit
• C) Secured credit cards are ideal for those who are starting to build credit or who are trying to rebuild their credit history
• D) All of these

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Definitions:

Deviant Behavior

Actions or behaviors that violate societal norms or values, which can vary widely between cultures and communities.

Presence of Peers

The influence and social dynamic that occurs when individuals are in the company of their contemporaries or colleagues.

Agents of Socialization

Individuals, groups, and organizations that influence the social development and identity of people, such as families, schools, and the media.

Family Impact

The influence that family dynamics and relationships have on an individual's development, behavior, and well-being.