Which of the Following Statements Is Most Correct Regarding a Secured

question 22

Multiple Choice

Which of the following statements is most correct regarding a secured credit card?

• A)It is a valuable form of credit insurance - you are protected against loss if the card is lost or stolen.
• B)It is useful to someone who has bad credit or no credit established yet.
• C)It provides a higher level of user security,using technology to prevent illegal use.
• D)Compared to non-secured credit cards,it always carries a much lower rate of interest.

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Definitions:

Annual Dividend

The total amount of dividend that a company pays to its shareholders in a year.

Rate of Return

A financial metric expressing the percentage of profit or loss on an investment over a specific period, serving as a key indicator of investment efficiency.

Dividends Reduction

A decrease in the amount of dividends distributed to shareholders, often indicating a change in the company's profit distribution policy or financial health.

Rate of Return

A measure of the profit or loss of an investment over a specified period, expressed as a percentage of the investment's initial cost.