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The Finance Charge Disclosure on a Sears Revolving Charge Card 5050

Question 138

Multiple Choice

The finance charge disclosure on a Sears Revolving Charge Card statement is shown here. Why do you suppose that the limitation on the 5050 cent finance charge is from $1.00 to $33.33?  The finance charge disclosure on a Sears Revolving Charge Card statement is shown here. Why do you suppose that the limitation on the  50  cent finance charge is from $1.00 to $33.33?   A)  For balances over $1.00, the interest would be more than $0.50. B)  For balances over $33.33, the interest would be less than $1.00. C)  For balances over $33.33, the interest would be more than $0.50. D)  For balances over $33.33, the interest would be more than $1.00. E)  For balances over $33.33, the interest would be less than $0.50.


A) For balances over $1.00, the interest would be more than $0.50.
B) For balances over $33.33, the interest would be less than $1.00.
C) For balances over $33.33, the interest would be more than $0.50.
D) For balances over $33.33, the interest would be more than $1.00.
E) For balances over $33.33, the interest would be less than $0.50.

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