Each Time a Payment Is Made Through a Credit Card,the

question 9

Multiple Choice

Each time a payment is made through a credit card,the retailer has to pay a certain amount called _____ to the card company.

• A)one time fees
• B)value added tax
• C)swipe fees
• D)additional tax

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Definitions:

Loss

This occurs when expenses exceed revenues, or when the selling price of an asset is less than its purchase price, resulting in a negative financial outcome.

Long Position

An investment strategy where an investor buys securities with the expectation that they will increase in value.

Commodity Futures

Financial contracts obligating the buyer to purchase an asset, or the seller to sell an asset, such as a physical commodity or a financial instrument, at a predetermined future date and price.

Price

The amount of money or its equivalent paid or charged for something, often determined by supply and demand.