Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Chapter D.2, Problem D.2BQ
Summary Introduction
To determine: The reasons that the companies want to give the students a credit card facility.
Introduction:
The credit card facility given the owner of the credit card the right to borrow funds from the issuer of the credit card that is from a financial institution. The credit card facility helps and individual to borrow and purchase various goods and services but the limit to borrowing is pre-decided by the credit card issuing company.
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