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All of the Following Is True About Credit Cards Except

Question 31

Multiple Choice

All of the following is 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 issuing companies.

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