The mere presence of credit card symbols causes people to spend more money, even when they pay in cash.

Name: The mere presence of credit card symbols causes people to spend more money, even when they pay in cash.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

Studies have shown that simply seeing credit card logos or symbols can influence people to spend more money, regardless of whether they actually use a credit card or pay in cash. This phenomenon is known as the "credit card premium."

The Mere Presence of Credit Card Symbols Causes People to Spend