All of the following are true about credit cards except
A) credit cards are a store of value.
B) credit cards are quite convenient.
C) 2 to 5 percent of total credit-sales dollars goes to card issuers.
D) credit cards serve as a temporary medium of exchange.
E) credit cards are extremely profitable for the companies that issue them.

Question

Quizplus · Accepted Answer

Credit cards are not a store of value, as they do not hold or accumulate value over time. They are a means of payment and a form of credit.

All of the Following Are True About Credit Cards Except