A credit card can be made temporarily inactive.

Question

BlackTom AI · Accepted Answer

Consider the statement about credit card functionality. 
Option 1: True. In many banking and card issuer systems, there is a feature to temporarily deactivate or freeze a credit card. This can be used to prevent transactions if the card is lost, stolen, or not needed for a period, without permanently closing the account. The freeze typically stops both online and in-person purchases and sometimes prevents cash advances, depending on the issuer's controls.
Option 2: False. If the statement were false, it would imply that a credit card cannot be made inactive temporarily, which contradicts common card security features offered by banks. Most issuers provide a way to reactivate the card later, so claiming there is no temporary inactive state would be inaccurate in many systems.
Exploring the practical implications: the ability to make a card temporarily inactive enhances security and provides flexibility for cardholders who want to limit exposure while keeping the account open. If the feature did not exist, a cardholder would need to go through more involved steps to deactivate the card permanently or to monitor for unauthorized activity, which is less user-friendly.
In summary, the option described aligns with standard security practices offered by many financial institutions, where a temporary inactive or frozen state is a supported option, whereas denying this capability would ignore common features designed for risk reduction. Therefore, the statement aligns with typical card management options offered by issuers.

SG30018E1 - Sage 300 2018 General Ledger Module 3 Quiz

A credit card can be made temporarily inactive.

查看解析

登录即可查看完整答案

类似问题

When considering a credit card, you do not need to take into account how you will use it.

Having a credit card does not mean you can afford the purchases you charge.

The rising costs of college have resulted in students turning to credit cards for financial assistance.

Your best friend received a credit card 6 months ago and has become a responsible credit user. She can't keep quiet about the wonderful terms and conditions of her credit card. Since your friend is doing so well with her credit card, the terms and conditions would be perfect for you, too!

On most credit cards, your grace period is "canceled" if you don't completely pay off all of your previous month's borrowing.

When determining whether or not you are ready for a credit card, you should ask each of the following questions EXCEPT:

Credit cards are designed for people with an income.

Which of the following does NOT describe a credit card?

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单