Solved

If a Credit Card Is Issued to a Consumer Under

Question 59

Multiple Choice

If a credit card is issued to a consumer under the age of 21,the credit card company is required to


A) obtain the signature of a cosigner who has the means to repay any debt.
B) give a 60-day notice before making any rate hikes.
C) notify the cardholder's parents so they can monitor their child.
D) set reasonable spending limits.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents