Question

1. credit card companies charge stores a 2 - 3% fee for every purchase made with credit cards. this is called a(n)...

merchant fee
cash advance fee
annual fee
over - the - limit fee

Explanation:

• Merchant fee: This is the fee charged by credit card companies to stores (merchants) for each credit - card transaction. It typically ranges from 2 - 3%.
• Cash advance fee: Charged when a cardholder withdraws cash using a credit card. It is not related to store purchases.
• Annual fee: A yearly fee charged by the credit - card company to the cardholder, not related to store transactions.
• Over - the - limit fee: Charged when a cardholder exceeds their credit limit.

Answer:

Merchant fee