BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS MATHEMATICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A plastic card that you can use to access a line of credit that has been established in advance
A
Gift Card
B
Debit Card
C
Credit Card
D
Bonus Card
Explanation: 

Detailed explanation-1: -a credit card is typically a plastic card, that grants you access to credit amount that you can use to make payments and avail services. this amount has a repayment time within which the amount is to be paid off. the upside of these cards is that they offer rewards in the form of cashbacks or points.

Detailed explanation-2: -More precisely, the plastic the credit cards are composed of is polyvinyl chloride acetate most commonly known as PVCA or PVC.

Detailed explanation-3: -Open-end Credit. A line of credit established in advance so that a borrower does not have to apply for credit each time new credit is desired. Also known as revolving credit.

Detailed explanation-4: -There are three types of credit card accounts: bank-issued credit cards (such as Visa and MasterCard), store/priority cards (such as the Bay and Sears) and travel/entertainment cards, also called charge cards (such as American Express or Diner’s Club).

Detailed explanation-5: -Rewards credit cards. Secured credit cards. Low-interest credit cards. Cashback credit cards.

There is 1 question to complete.