Which of the following statements is true of retail charge cards?
A)Retail charge cards are issued by retailers that allow customers to charge goods and services up to a preestablished amount.
B)Retail charge cards work exactly like debit cards and provide direct access to the checking accounts of consumers.
C)Retail charge cards are issued in conjunction with some charitable,political,or other nonprofit organization.
D)Retail charge cards are secured with some form of collateral,such as a bank CD.
E)Retail charge cards provide incentives,such as cash,merchandise rebates,airline tickets,or even investments to the users.

Question

Quizplus · Accepted Answer

Retail charge cards are issued by retailers and allow customers to charge goods and services up to a preestablished amount. They typically offer rewards and incentives to encourage customers to use them. They are not like debit cards, which provide direct access to checking accounts, nor are they typically issued in conjunction with nonprofit organizations or secured with collateral.

Which of the Following Statements Is True of Retail Charge