Which one of the following financing methods usually provides a "float" period?
A)Installment loan
B)Credit card
C)Lump-sum loan
D)Home equity line of credit
E)Auto loan

Question

Quizplus · Accepted Answer

Credit cards typically provide a "float" period, which is the time between when a purchase is made and when the payment is actually due, allowing the cardholder to use the borrowed funds without interest if the balance is paid in full by the due date.

Which One of the Following Financing Methods Usually Provides a "Float