You have an average outstanding balance on your credit card of $1,000.Which of the following would be your best choice for minimizing the cost of credit?
A) Annual fee of $25 and 10% on the outstanding balance
B) Annual fee of $10 and 12% on the outstanding balance
C) No annual fee and 15% on the outstanding balance
D) Annual fee of $50 and 8% on the outstanding balance
Correct Answer:
Verified
Q22: You keep an average outstanding balance on
Q23: If you have a dispute over an
Q24: A promissory note and a security agreement
A)must
Q25: When a retailer reduces your credit limit
Q26: "Credit blocking" is the industry term for
A)illegally
Q28: Comparing a credit card with a debit
Q29: Page Litton likes to use her credit
Q30: A grace period on revolving charge accounts
A)is
Q31: Which item below is not used to
Q32: A "chargeback" occurs when
A)a credit card holder
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