Question

multiple select question
select all that apply
what are the effects of credit card fraud?
higher convenience for consumers
higher protection for consumers
higher prices for consumers
higher interest rates for consumers
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Explanation:

Credit card fraud causes financial losses for card issuers and merchants. To offset these losses, merchants may raise prices for all consumers, and issuers may increase interest rates on credit products. Fraud does not increase consumer convenience or protection; in fact, it may lead to additional verification steps that reduce convenience, while protection is a response to fraud, not an effect of it.

Answer:

C. Higher prices for consumers
D. Higher interest rates for consumers