One of the Unpleasant Secrets of Using Your Credit Card

question 126

True/False

One of the unpleasant secrets of using your credit card for a cash advance is that the APR on the cash advance is typically lower than the APR for normal purchases.

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Definitions:

Charismatic Authority

A form of leadership where followers are drawn to the leader's extraordinary personal qualities and the belief in their extraordinary powers or insight.

Organizations

Groups or entities with a specific purpose, structure, and system of governance, formed to achieve collective goals.

Legitimate Authority

A type of power that is recognized and accepted by individuals and society as rightful and just, often based on laws, norms, or traditions.

Authority Types

Various forms of power and control recognized in sociology, including traditional, legal-rational, and charismatic authority.