Revolving charge accounts must be paid off completely by the end of the month.

Name: Revolving charge accounts must be paid off completely by the end of the month.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Revolving charge accounts allow the option to carry a balance from month to month and only require a minimum payment to be made. However, interest will accrue on any balance not paid off, and it is recommended to pay off the balance as soon as possible to avoid accruing high amounts of interest.

Revolving Charge Accounts Must Be Paid Off Completely by the End