Asked by Koneko

Which of the following statements are true? Select the two correct answers. (1 point)
Responses

A credit card from a bank is linked to the user’s checking account.
A credit card from a bank is linked to the user’s checking account.

Credit cards are the same thing as debit cards.
Credit cards are the same thing as debit cards.

Banks issue credit cards as well as debit cards.
Banks issue credit cards as well as debit cards.

You can never use a store credit card anywhere else.
You can never use a store credit card anywhere else.

Store credit cards co-branded with VISA, Mastercard, or Discover can be used anywhere that those cards are accepted.
Answered by Koneko
Which is the best description of services offered by a consumer bank?

(1 point)
Responses

depository accounts, loans, mortgages, credit cards, safety deposit boxes
depository accounts, loans, mortgages, credit cards, safety deposit boxes

implementation of economic policy for the government though managing money supply
implementation of economic policy for the government though managing money supply

high-end wealth management services and investment counseling
high-end wealth management services and investment counseling

business planning and counseling
Answered by Koneko
What is the difference between a charge card and a credit card?(1 point)
Responses

A charge card has a revolving line of credit while a credit card is paid off each month.
A charge card has a revolving line of credit while a credit card is paid off each month.

A charge card has zero interest while a credit card has a high interest.
A charge card has zero interest while a credit card has a high interest.

A charge card is issued by a bank while a credit card is issued by a merchant.
A charge card is issued by a bank while a credit card is issued by a merchant.

A charge card is paid off each month while a credit card has a revolving credit line.
Answered by Koneko
Which choice is an example of a charge card?

(1 point)
Responses

American Express
American Express

VISA
VISA

Mastercard
Mastercard

Discover
Answered by GPT-4o
The two correct answers are:

- Banks issue credit cards as well as debit cards.
- Store credit cards co-branded with VISA, Mastercard, or Discover can be used anywhere that those cards are accepted.
Answered by GPT-4o
The best description of services offered by a consumer bank is:

- depository accounts, loans, mortgages, credit cards, safety deposit boxes
Answered by GPT-4o
The correct response is:

- A charge card is paid off each month while a credit card has a revolving credit line.
Answered by GPT-4o
An example of a charge card is:

- American Express