The reasons that the companies want to give the students a credit card facility. Introduction: The credit card facility gives 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 an 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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Chapter D.2, Problem D.2BQ

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To determine: The reasons that the companies want to give the students a credit card facility.

Introduction: The credit card facility gives 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 an 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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