One major difference between a debit card and a credit card is:
A. the debit card has lower minimum monthly payments.
B. debit cards have no late fees.
C. only the debit card helps you to build a credit history.
D. you do not need to actually have the funds in your account when you use a debit card.
Answer: B
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Indicate whether the statement is true or false
A horizontal merger
a. combines similar firms that serve separate markets. b. combines firms that produce similar products. c. enables a company to control each stage of the production process: from raw materials to the final marketing of the product. d. enables similar firms to form a cartel.
Which of the following transactions would be recorded as a credit in the U.S. current account?
a. A Japanese bank's purchase of IBM stock. b. A Japanese consumer's purchase of an Apple computer. c. An American tourist's payment to a Japanese hotel. d. An American consumer's purchase of a Toshiba VCR.
"Time inconsistency" refers to the:
A. tendency for policies with high short-run benefits to have high long-run costs. B. fallacy that what is true for the short run must be true for the long run. C. tendency to regularly misjudge in the present what you will do in the future. D. tendency to misjudge how long it will take to accomplish a future task.