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TOPIC: Gas stations - No more credit cards?
STEP 1 - Read the following article:
READING COMPREHENSION ARTICLE 17
STEP 2 - Answer these questions (choose the
best
answer):
1. Why do some gas station owners no longer accept credit cards?
High credit card (interchange) fees.
They prefer the "instant gratification" of getting cash.
Credit fraud.
2. What is the average interchange fee paid by gas station owners:
About $4
About 2%
11 to 12 cents
3. How much profit does the average gas station owner make on a gallon of gas:
About 2%
About $4
11 to 12 cents
4. Visa believes that allowing customers to pay with a credit card offers _______________________ to everyone involved.
tangible threats
tangible benefits
uncertainty
5. When profits are "shrinking", they are:
decreasing
holding steady
increasing
Check answers
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