Which of the Following Credit Card Fees Is Charged Once

question 33

Multiple Choice

Which of the following credit card fees is charged once a year just for having a card?

• A)Cash advance fee
• B)Return item fee
• C)Annual fee
• D)Balance transfer fee

Analyze and interpret liquidity ratios.

Differentiate between return on assets and return on equity in measuring firm profitability.

Understand the value added by the Du Pont identity in financial analysis.

Evaluate the significance of considering multiple aspects when analyzing financial ratios and their implications for firm operations and cash flows.

---

Definitions:

Elastic Demand

A situation in which demand for a product or service is sensitive to price changes, meaning a small change in price can lead to a significant change in quantity demanded.

Revenue Generation

The process of creating income for a business or organization through various means such as sales, services, or investments.

Lower Fares

Reduced charges for services, particularly in transportation, such as airfares or bus tickets, making travel more affordable.

Elastic Demand

A condition where the quantity demanded of a good or service changes significantly as its price changes.