Which of the following are true regarding secured credit cards?
A) A secured credit card requires a security deposit equaling the credit limit of the card
B) If payments are not received,the credit card company can receive its money by cashing in the security deposit
C) Secured credit cards are ideal for those who are starting to build credit or who are trying to rebuild their credit history
D) All of these
Correct Answer:
Verified
Q1: What does APR stand for?
A)Automatic pay raises
B)Auto
Q3: What is credit?
A)A type of card
B)The same
Q7: If your credit limit is $2,000 and
Q8: Which is not part of the 5
Q11: According to the Federal Reserve Bank,in June
Q12: What term best describes an unsecured loan
Q13: Whether or not you have enough income
Q14: Which is true when trying to get
Q15: Which two Cs are the most important
Q19: What is your finance charge?
A)Interest on credit
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