Ask Question
BusinessBusiness
15 April, 11:42

How would consumers who traditionally pay using cash potentially benefit from an interchange fee cap?

+1
Answers (1)
  1. 15 April, 14:21
    0
    The only way I can think of is that the interchange fee cap would reduce the cost of doing business for the merchant, so they might reduce their prices slightly for all customers as a result. Of course many merchants will just keep the prices the same and be happy for the extra profit in which case the consumer doesn't benefit - just the merchant.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “How would consumers who traditionally pay using cash potentially benefit from an interchange fee cap? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Jon works for a major bank. The revised employee handbook that he received 5 years ago says that all employees with 25 years of service will receive a retirement party. He is about to hit 25 years of service and has announced his retirement.
Answers (1)
The gain on sale of equipment is deducted from net income to arrive at operating cash flows because a. the sale of long-term assets is an operating activity. b. the gain reveals the total cash received. c.
Answers (1)
You are about to buy two pairs of shoes. You have the option of getting a 40% discount on the second pair of shoes or getting a $20.00 mail-in rebate on the second pair. Which is the better option? The second pair of shoes costs $60
Answers (2)
Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/2018: Currency and coins $ 630 Balance in checking account 2,900 Customer checks waiting to be deposited 2,900 Treasury bills, purchased on 11/1/2018, mature on
Answers (1)
The main source of profit for financial institutions comes from: a) their ownership of stocks in commercial corporations. b) their ownership of real assets received in foreclosures on loans to households.
Answers (1)
New Questions in Business
The purchase of new software is part of this expenditures approach for calculating the GDP. A. consumer spending B. sum of government spending C. sum of all the country's businesses spending on capital D. gross exports E. gross imports
Answers (1)
Mars inc., a manufacturer of cat food in texas, places an ad in a publication aimed at veterinarians. the ad explains why they should recommend mars's cat food to the owners of the cats they treat.
Answers (1)
Joe and his team are working to develop a new product. They have been given a fixed budget and a rough estimate of the time left until the product must hit the market.
Answers (1)
Isabella is a security support manager for a large enterprise. in a recent meeting, she was asked which of the standard networking devices already present on the network could be configured to supplement the specific network security hardware
Answers (1)
If a country on a fixed exchange rate regime finds its currency falling:
Answers (1)
Home » Business » How would consumers who traditionally pay using cash potentially benefit from an interchange fee cap?
Sign Up Forgot Password?