TOPIC: Gas stations - No more credit cards?


STEP 1 - Read the following article: READING COMPREHENSION ARTICLE 36


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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