Which of the Following Is True with Respect to Revolving

question 34

Multiple Choice

Which of the following is true with respect to revolving charge accounts?

• A) A down payment is normally required.
• B) Charged purchases may not exceed the credit limit.
• C) A fixed amount must be paid monthly, regardless of the outstanding balance.
• D) Finance charges increase as the outstanding balance increases.

---

Definitions:

Native Cultures

Describes the diverse social, cultural, and political practices of indigenous peoples, especially those who lived in the Americas before European colonization.

Proclamation of 1763

A decree issued by the British crown aimed at stabilizing relations with Native American populations by limiting colonial expansion westward beyond the Appalachian Mountains.

Colonial Frontier

The border or edge of a colony's territory, where expansion and encounters with indigenous populations often took place.

Ohio Valley

A geographical region in the United States encompassing parts of the states around the Ohio River, significant for its early colonial history and development during westward expansion.