Which of the Following Is Correct Regarding Credit Cards

question 162

Multiple Choice

Which of the following is correct regarding credit cards?

• A) They are a store of value.
• B) They are not a money substitute.
• C) They are a permanent medium of exchange.
• D) They are becoming more important but are still not a major factor in the purchase of consumer goods.
• E) They are often referred to as "plastic money."

---

Definitions:

Compromise

A resolution to a disagreement where all parties involved make concessions to reach a mutually acceptable agreement.

Variable

An element, feature, or factor that can vary or change, often used in experiments to determine its effects on certain outcomes.

Economic Crisis

A severe and sudden downturn in the financial health of an economy, which can lead to a recession and high unemployment rates.

Charismatic Candidate

An individual running for a political position who possesses exceptional personal qualities that inspire loyalty, enthusiasm, and devotion among followers.