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</p> Signup and view all the answers

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

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

    Which company introduced the first credit card?

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

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