The Credit Card Chronicles
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Questions and Answers

Who is credited with the invention of the credit card?

  • Frank McNamara (correct)
  • Michael Brown
  • Susan Johnson
  • John Smith

Which year did the invention of the credit card take place?

  • 1955
  • 1950
  • 1960
  • 1949 (correct)

What was the name of the first credit card?

  • Mastercard
  • Diner's Club Card (correct)
  • Visa
  • American Express

Why did Frank McNamara come up with the idea for the credit card?

<p>He forgot his wallet and wanted a solution to spending limitations (C)</p> Signup and view all the answers

In what city did Frank McNamara use the first credit card?

<p>New York (B)</p> Signup and view all the answers

Which company introduced the first credit card?

<p>American Express (C)</p> Signup and view all the answers

What was the reason behind the invention of the credit card?

<p>To provide a convenient way to pay for goods and services (C)</p> Signup and view all the answers

What was the initial reaction to the idea of credit cards?

<p>People were skeptical and reluctant to use them (C)</p> Signup and view all the answers

What event is known as the 'First' in the credit card industry?

<p>The introduction of the Diner's Club Card (A)</p> Signup and view all the answers

What made a world without credit cards inconceivable in the 1950s?

<p>The economic impracticality of cash-only transactions (C)</p> Signup and view all the answers

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