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.
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.
7 answers
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
(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
The best description of services offered by a consumer bank is:
- depository accounts, loans, mortgages, credit cards, safety deposit boxes
- depository accounts, loans, mortgages, credit cards, safety deposit boxes
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.
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.
The correct response is:
- A charge card is paid off each month while a credit card has a revolving credit line.
- A charge card is paid off each month while a credit card has a revolving credit line.
Which choice is an example of a charge card?
(1 point)
Responses
American Express
American Express
VISA
VISA
Mastercard
Mastercard
Discover
(1 point)
Responses
American Express
American Express
VISA
VISA
Mastercard
Mastercard
Discover
An example of a charge card is:
- American Express
- American Express