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ACTIVITY 1 1. Cardholders that accept Visa or Mastercard pay the issuer of the card a percentage of the transaction. Fo example, for each Php

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ACTIVITY 1 1. Cardholders that accept Visa or Mastercard pay the issuer of the card a percentage of the transaction. Fo example, for each Php too charged on Visa cards, a cardholder might receive only php 98. Explain why Visa charges the fee and why the cardholder pays it. 2.. You should be able to use at least two core principles in your answer. 1. Suppose central bankers have gured out a way to eliminate recessions. What nancial and economic changes would you expect to see? Relate these changes to the core principle that

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