OMVIC Practice Test

Can the transaction fee be passed along to the customer?

1. True

2. False

3. Not specified in the text

4. Sometimes

The correct answer is: True

When it comes to transaction fees, it is important to note that they are typically incurred by the seller or merchant who is facilitating the transaction. This means that the customer is not directly responsible for paying the fee, but rather it is factored into the cost of the goods or services being purchased. Option B is incorrect because it implies that customers are responsible for paying transaction fees, which is not typically the case. Option C may seem like a good choice, but it is important to remember that in a business transaction, all fees and costs should be clearly defined and communicated, so the fact that it is not specified in the text could mean that it is not a relevant detail. Option D is incorrect because it implies that it is up to the seller to decide whether or not to pass the fee along to the customer, when in reality it is typically built into the cost of goods or services.