A credit card or plastic money is a plastic card that enables the holder to buy services and goods without cash. Such types of cards are issued by the bank To state: The benefit of using credit cards by buyers works in favor of the sellers.

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Answer 1

Question

Chapter 7, Problem 1DQ

Summary Introduction

Introduction: A credit card or plastic money is a plastic card that enables the holder to buy services and goods without cash. Such types of cards are issued by the bank

To state: The benefit of using credit cards by buyers works in favor of the sellers.

Expert Solution & Answer

Explanation of Solution

If the customers are allowed to use credit cards, it will work in favor of the sellers as it will ensure that the seller receives the full payment without any risk of buyer becoming a defaulter as such risks are absorbed by the credit card companies. Also, if the buyer does not have enough cash, still the purchases can be made through credit cards.

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Answer 2

Question

Chapter 7, Problem 1DQ

Summary Introduction

Introduction: A credit card or plastic money is a plastic card that enables the holder to buy services and goods without cash. Such types of cards are issued by the bank

To state: The benefit of using credit cards by buyers works in favor of the sellers.

Expert Solution & Answer

Explanation of Solution

If the customers are allowed to use credit cards, it will work in favor of the sellers as it will ensure that the seller receives the full payment without any risk of buyer becoming a defaulter as such risks are absorbed by the credit card companies. Also, if the buyer does not have enough cash, still the purchases can be made through credit cards.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 7, Problem 1DQ

Summary Introduction

Introduction: A credit card or plastic money is a plastic card that enables the holder to buy services and goods without cash. Such types of cards are issued by the bank

To state: The benefit of using credit cards by buyers works in favor of the sellers.

Expert Solution & Answer

Explanation of Solution

If the customers are allowed to use credit cards, it will work in favor of the sellers as it will ensure that the seller receives the full payment without any risk of buyer becoming a defaulter as such risks are absorbed by the credit card companies. Also, if the buyer does not have enough cash, still the purchases can be made through credit cards.

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Answer 4

Question

Chapter 7, Problem 1DQ

Summary Introduction

Introduction: A credit card or plastic money is a plastic card that enables the holder to buy services and goods without cash. Such types of cards are issued by the bank

To state: The benefit of using credit cards by buyers works in favor of the sellers.

Expert Solution & Answer

Explanation of Solution

If the customers are allowed to use credit cards, it will work in favor of the sellers as it will ensure that the seller receives the full payment without any risk of buyer becoming a defaulter as such risks are absorbed by the credit card companies. Also, if the buyer does not have enough cash, still the purchases can be made through credit cards.

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Answer 5

Chapter 7, Problem 1DQ

Summary Introduction

Introduction: A credit card or plastic money is a plastic card that enables the holder to buy services and goods without cash. Such types of cards are issued by the bank

To state: The benefit of using credit cards by buyers works in favor of the sellers.

Expert Solution & Answer

Explanation of Solution

If the customers are allowed to use credit cards, it will work in favor of the sellers as it will ensure that the seller receives the full payment without any risk of buyer becoming a defaulter as such risks are absorbed by the credit card companies. Also, if the buyer does not have enough cash, still the purchases can be made through credit cards.

Answer 6

Chapter 7, Problem 1DQ

Summary Introduction

Introduction: A credit card or plastic money is a plastic card that enables the holder to buy services and goods without cash. Such types of cards are issued by the bank

To state: The benefit of using credit cards by buyers works in favor of the sellers.

Expert Solution & Answer

Explanation of Solution

If the customers are allowed to use credit cards, it will work in favor of the sellers as it will ensure that the seller receives the full payment without any risk of buyer becoming a defaulter as such risks are absorbed by the credit card companies. Also, if the buyer does not have enough cash, still the purchases can be made through credit cards.

Answer 7

Chapter 7, Problem 1DQ

Summary Introduction

Introduction: A credit card or plastic money is a plastic card that enables the holder to buy services and goods without cash. Such types of cards are issued by the bank

To state: The benefit of using credit cards by buyers works in favor of the sellers.

Answer 8

Expert Solution & Answer

Explanation of Solution

If the customers are allowed to use credit cards, it will work in favor of the sellers as it will ensure that the seller receives the full payment without any risk of buyer becoming a defaulter as such risks are absorbed by the credit card companies. Also, if the buyer does not have enough cash, still the purchases can be made through credit cards.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 7 - Prob. 1DQ Ch. 7 - Prob. 2DQ Ch. 7 - Prob. 3DQ Ch. 7 - Prob. 4DQ Ch. 7 - Prob. 5DQ Ch. 7 - Prob. 6DQ Ch. 7 - Prob. 7DQ Ch. 7 - Prob. 8DQ Ch. 7 - Prob. 9DQ Ch. 7 - Prob. 10DQ

A credit card or plastic money is a plastic card that enables the holder to buy services and goods without cash. Such types of cards are issued by the bank To state: The benefit of using credit cards by buyers works in favor of the sellers.

Introduction: A credit card or plastic money is a plastic card that enables the holder to buy services and goods without cash. Such types of cards are issued by the bank To state: The benefit of using credit cards by buyers works in favor of the sellers.

Explanation of Solution

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Chapter 7 Solutions

Introduction: A credit card or plastic money is a plastic card that enables the holder to buy services and goods without cash. Such types of cards are issued by the bank

To state: The benefit of using credit cards by buyers works in favor of the sellers.