Convenience users of credit cards are the most profitable type of customer for a credit card issuing firm.
Correct Answer:
Verified
Q9: Automatic transfers and share drafts compete with
Q10: Both Super NOW and money market deposit
Q11: The total outstanding debt owed by U.S.
Q12: Consumer installment debt has not shown a
Q13: Non installment credit normally is paid off
Q15: Credit card holders tend to have higher
Q16: Interest on home equity loans is tax
Q17: Debit cards may be used for payments
Q18: Young families tend to be heavy users
Q19: Expectations of future inflation cause consumer borrowing
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