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Rac0hiqhalialic
Rac0hiqhalialic Rac0hiqhalialic
  • 17-02-2016
  • Business
Answered

The amount of money that can be charged on a credit card is called purchasing power.

true or false

Verified Answer :

WorldCitizen WorldCitizen
  • 17-02-2016

This is false: Purchasing power is something else.

Purchasing power s the amount of goods ans services that can be purchased with a unit of currency.

 The amount of money that can be charged on a credit card is called credit limit.
Also, the amount of money in a given account is called balance. 

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