Balance Transfers Can Be Expensive,including Fees and Eventually High Interest

question 83

True/False

Balance transfers can be expensive,including fees and eventually high interest rates.

---

Definitions:

Other Income

A financial term referring to income generated from activities not directly related to the entity's primary business operations.

Other Expense

Expenses that do not fit into the usual categories of operating expenses in a business, such as lawsuit settlements or loss on asset disposal.

Redemption

In finance, refers to the repayment of a debt security or preferred stock at or before its maturity date. In the context of investments, it can also mean the selling of mutual fund shares back to the fund.

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a specified call price.