Which of the following is a condition included in a credit card agreement?
A. A charge is levied just for the privilege of having a credit card.
B. Transfer of balance from one credit card to another is not charged.
C. A late fee is notassessed if a payment is not received within the grace period.
D. An annual fee is charged only if your charges exceed your credit limit.
Answer: A
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The profit margin for Division X is 14%, and the investment turnover is 1.5 . What is the rate of return on investment for Division X?
a. 21.0% b. 9.0% c. 15.5% d. 12.5%
A ___________ budget prepared for only one level of sales volume.
A. Static B. Flexible C. Volume D. Production activity
When products differ in batch size and complexity, they usually consume different amounts of ________.
Fill in the blank(s) with the appropriate word(s).
Fact Pattern 19-1AOlisa enters into a contract to buy a stove from Pay-to-Own Appliance store with the price to be paid in monthly installments. After thirty-six months of payments, Olisa has paid more than twice the price of a similar stove. Eighteen payments remain due under the contract.Refer to Fact Pattern 19-1A. Olisa files a suit against Pay-to-Own, claiming that their contract is so unfair and one sided that it would be unreasonable to enforce it. Olisa is asserting
A. the concept of good faith. B. the principle of fair trade. C. the predominant-factor test. D. the doctrine of unconscionability.