In credit card lending, the bank makes profits from
A)the discount at which the sales slips are sold to the merchants
B)the interest rate charged to the credit cardholders with outstanding balances
C)the annual fees that may be charged by the banks
D)all of the above
E)both b and c

Question

Quizplus · Accepted Answer

Banks make profits from the interest charged on outstanding balances and from annual fees charged to cardholders.

In Credit Card Lending, the Bank Makes Profits from