If consumers do not pay off their entire credit card balance,they will
A) have to pay interest on the total paid and unpaid amount.
B) receive interest on the paid amount.
C) have to pay interest on the unpaid amount.
D) get a rebate from the card issuer.
E) have the purchased goods repossessed.

Question

Quizplus · Accepted Answer

Some people always pay off their monthly charges as they come due,but many others take advantage of the option of paying a stated minimum monthly amount with interest charges,based on yearly interest rates,added to the balance until it has been paid in full.

If Consumers Do Not Pay Off Their Entire Credit Card