Which of the following is NOT one of the reasons that your bank and book balances will differ due to credit card purchases?
a. The credit card company will pay you the purchase amount less the service charge.
b. You will record the sale up to three days before the credit card company pays you.
c. The credit card company has issued a chargeback due to fraud.
d. Customers will fail to pay their credit card bill and the credit card company will issue a chargeback.
Answer: d. Customers will fail to pay their credit card bill and the credit card company will issue a chargeback.
You might also like to view...
You should consider the school system near a home only if you have or are likely to have school-aged children
Indicate whether the statement is true or false.
If Jorge takes Felicia's advice, what is the most important information to learn before he places an order?
A) What is the difference between a futures contract and a commodity exchange? B) Can commodities be traded as part of an exchange-traded fund? C) What market factors might make a given commodity rise in price in the future? D) Which security exchange handles futures contracts in commodities? E) What are precious metals trading for at the present moment?