Credit card companies make a profit in all the following ways ...

[JGIBBSON]

Credit card companies make a profit in all the following ways except by
 A) collecting fees for cash advances, balance transfers, and late payments.
  B) collecting fees from stores for accepting credit card transactions.
  C) collecting fees for processing new cardholder applications.
  D) collecting finance charges on any unpaid balances or cash advances.

Question 2

A persons debt-to-income ratio is the percent of income spent on housing and other debts and is calculated by
 A) dividing the total of all debt payments by net income.
  B) dividing the total of all debt payments by gross income.
  C) dividing gross income by the total of all debt payments.
  D) dividing the total of all credit card payments by gross income.

[sokh]

Answer to Question 1

C

Answer to Question 2

B

[JGIBBSON]

Thanks for the timely response, appreciate it

[irishcancer18]

Gracias!