A Significant Advantage to a Consumer of a Credit Card

question 33

Multiple Choice

A significant advantage to a consumer of a credit card system in comparison to a debit card system is _____.

• A)the delayed payment benefit
• B)higher security
• C)tightened privacy
• D)lower cost

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Definitions:

Social Norms

Implicit or explicit rules that a group has for the acceptable behaviors, values, and beliefs of its members.

Formal Education

The structured educational system comprising schools, colleges, and universities where learning is facilitated by trained teachers.

Socialization

How children learn to become mature members of society; also known as acculturation.

Generations Defined

A categorization of people into cohorts based on their age group and shared cultural, social, or economic experiences.