When customers make purchases with a bank credit card, the retailer
A) is responsible for maintaining customer accounts.
B) is not involved in the collection process.
C) absorbs any losses from uncollectible accounts.
D) receives cash equal to the full price of the merchandise sold from the credit card company.

Question

Quizplus · Accepted Answer

Retailers are not involved in the collection process when customers use bank credit cards; this responsibility falls to the bank or credit card company.

When Customers Make Purchases with a Bank Credit Card, the Retailer