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If a Credit Card Is Issued to a Consumer Under

Question 5

Multiple Choice

If a credit card is issued to a consumer under the age of 21,the credit card company is required to


A) obtain the signature of a cosigner who has the means to repay any debt.
B) give a 60-day notice before making any rate hikes.
C) notify the cardholder's parents so they can monitor their child.
D) set reasonable spending limits.

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