Question

Which of the following statements is NOT a possible reason for credit card authorization being denied at the time of purchase?

A. The customer has exceeded the established credit limit.
B. The card has been reported stolen.
C. The creditor is denying credit due to late payment.
D. None of the above

Answer 1

The correct answer is D. None of the above. None of the statements A, B, or C are possible reasons for credit card authorization being denied at the time of purchase.

Step-by-step explanation:

None of the statements A, B, or C are possible reasons for credit card authorization being denied at the time of purchase. Let's go through each statement:

1. A. The customer has exceeded the established credit limit: This could be a possible reason for credit card authorization being denied, as exceeding the credit limit would mean that the available credit has been fully utilized.
2. B. The card has been reported stolen: If a credit card has been reported stolen, it is likely to be blocked by the card issuer to prevent unauthorized use.
3. C. The creditor is denying credit due to late payment: Late payment history may negatively affect a person's credit score and creditworthiness, but it would not typically result in credit card authorization being denied at the time of purchase.

Therefore, the correct answer is D. None of the above, as none of the statements provided are a possible reason for credit card authorization being denied at the time of purchase.