Why do you need to swipe your credit card in the credit card reader for it to accept your charge? A.The current in the reader flows when the credit card strip is stationary. B.The magnetic field in the credit card strip only exists when it is moving. C.The magnetic field in the reader only works when the credit card is moving. D.The magnetic field in the credit card strip needs to move to induce a current in the reader.

Q: An ideal credit card has a higher APR. No interest is charged on a cash advance. Credit limit…

A: A credit card is a plastic card issued by the banks or other financial institutions allowing the…

Q: 2. Should you use a credit card when you can pay cash? Explain your reasons.

A: A credit card provides the holder access to funds for their use for which they have to pay later. It…

Q: hy can not we wait to record transactions until the cash comes in or the cash goes out?

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Q: Why is it important to check your bank statement? What should you look for? Explain your answer.

A: The bank statement is prepared in order to record the transaction that is related to the banking…

Q: What is the difference between a credit card and a debit card? O A credit card is loaned money, plus…

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Q: As a helpful amenity for customers making electronic payments, certain credit card issuers provide…

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Q: Credit Card Fraud and Identity Theft Loss of a credit card, the information on it, or your personal…

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Q: True or false: An example of a soft inquiry would be a credit card company looking into your credit…

A:

Q: Which of the following is an external threat to revenue security? (select all that apply) Walk-outs…

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Q: Why it can be risky to provide credit card information over email/internet? Do you think, using a…

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Q: How do sellers benefit from allowing their customers to use credit cards? Do sellers bear any risk…

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Q: Explain why a loan officer always looks at a credit report before making a loan. What should you do…

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Q: All credit cards are not alike, nor are all spenders alike. When you are deciding which credit card…

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Q: Which of the following statements about a forged drawer's signature on a check is true? a.)   A…

A: The answer for the multiple choice question and relevant working are presented hereunder : A check…

Q: fill in the blanks to complete each sentence. 7. From a bank's viewpoint, a standby letter of…

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Q: it important to keep a record of credit card numbers separate from the cards?

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Q: Which of the following describes one of the differences between a debit card and a prepaid card? O…

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A: Loan means the amount taken from another person to be repaid back with interest.

Q: 3. Write the difference between debit cards and credit cards.

A: Debit cards and credit cards are the facilities offered by Financial institutions or bank.

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Q: What are some benefits to a business in accepting credit cards and debit cards?

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Q: 2. Should people have more than one credit card? Explain.

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A: Because you have asked question with multiple parts (MULTI PART) , we will solve the first 3 parts…

Q: redit cards provide consumers with what is known as revolving credit. T

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Q: What can you do if you cannot pay your credit bills?

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Credit card

A credit card is provided by financial institutions or banks, which permits a person to borrow money on a preapproved limit for purchases on a credit basis. The credit limit is decided by the institution and bank which issues a credit card depending on the person’s credit score and income. A cardholder can use the card for credit purchases, a balance transfer, cash advances.