Credit card companies charge a high rate of interest to the cardholder. One of the primary reasons

Question:

Credit card companies charge a high rate of interest to the cardholder. One of the primary reasons is:

a. Need to have large profits

b. Need to cover large overhead expenses

c. Need to compensate for losses due to fraud.

d. Need to keep interest rates high.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: