The loan given to a credit card holder ____________________________.You can select more than one answer.A.is paid  automatically by the bank to the transactional account of the credit card holder.B.is automatic provided the credit limit has not been reached.C.is paid directly to the seller of the good or service who has been paid with a credit card.D.bears a lower interest rate than a standard loan

Select the aspect(s) below that are a benefit of a credit card use.You can select more than one answer.A.It allows buyers to postpone the actual payment of the goods and services,  and without paying interest in some circumstances.B.It provides a free automatic loan for the sellers of the goods and services.C.It permits to activate the money in the term deposit account.D.It allows the buyers to acquire goods and services  without using their transactional bank account

Multiple Choice QuestionIn a secured loan, if the borrower does not repay the loan, the bank can claim the _______ which was used to secure the loan in the first place.Multiple choice question.interestcommercial paperline of creditcollateral

Multiple Choice QuestionWhen Jim obtains the needed computer maintenance services from a supplier who agrees to receive payment for those services within two months, Jim is obtaining ______.Multiple choice question.bartering servicesa line of creditdebt financingtrade credit

Which of the following would result in a credit made to depositor's bank account?Select answer from the options belowEFT for accounts receivablebank service chargesEFT for accounts payablecheques marked NSF

Interest on Partner’s loan is credited to:a) Partner’s Fixed capital account.b) Partner’s Current account.c) Partner’s Loan Account.d) Partner’s Drawings Account