What is meant by the term universal default

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Reference no: EM131803067

Movie: Secret History of the Credit Card

Answer the following questions based on the movie.

1. What is meant by the term ‘Universal Default'?

Were you aware of this practice? And will it change how you manage your credit card payments?

2. Are the credit card companies conducting business in an ethical manner? Explain your answer.

Reference no: EM131803067

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