What does this mean

It is aimed to protect the credit cardholders against credit card fraud, unfair

practices and scams.

Credit Card Limit

Due Diligence

Disclosure of Information

RA $10870$

One of the following lists constitutes the five Cs of credit. Select the correct

one.

Character, capacity, capital, collateral, credence

Character, capacity, capital, collateral, conditions

Character, capacity, capital, collateral, co$-$insurance

Character, capacity, capital, collateral, characteristics

Character, capacity, capital, collateral, careful

Which of the following is an advantage of credit cards?

They allow the consumer the ability to rent cars and make online reservations.

They make it easy to lose control of spending.

In general they are an expensive way to borrow money.

Using them means you will have less spendable money in the future.