Which of the following is the most likely way that the credit card company will reduce its risk?
Barbara has just applied for a credit card. She is an 18-year-old high school graduate with few valuable possessions and no credit history. Barbara is granted a credit card.



A. It will make Barbara’s parents pledge their home to repay Barbara s credit card debt.
B. It will require Barbara to have both parents co-sign for the card.
C. It will charge Barbara twice the finance charge rate it charges oldercardholders.
D. It will start Barbara out with a small line of credit to see how she handles the account.

This question is part of FoolProof Financial Literacy Quiz

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foolproofteacher

Foolproofteacher

Answered on Dec 14, 2016

It will start Barbara out with a small line of credit to see how she handles the account.

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