With open account credit,one can often avoid interest charges if
A)the account balance is paid in full every month.
B)at least half the account balance is paid every month.
C)the minimum payment is made every month.
D)the account is a revolving credit account.
E)the balance is below the credit limit.

Question

Quizplus · Accepted Answer

With open account credit, interest charges can be avoided if the account balance is paid in full every month. This means that the entire amount owed on the account must be paid before the due date to avoid any interest charges. While paying at least half the account balance or making the minimum payment may help avoid late fees or penalties, it does not prevent interest charges from being applied to the remaining balance.

With Open Account Credit,one Can Often Avoid Interest Charges If