Which of the Following Practices by a Credit Card Company

question 91

Multiple Choice

Which of the following practices by a credit card company results in lower interest charges to the cardholder?

• A) The card company states interest as a monthly percentage rather than an annual percentage.
• B) The card company allows a grace period before interest is accrued.
• C) The card company allows cardholders to skip payments on their cards.
• D) The card company calculates finance charges from the date of purchase to the date the amount is paid.

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Definitions:

Effective Leader

An individual who has the ability to influence and guide others towards the achievement of goals through positive means and inspiring trust.

Sense of Achievement

A feeling of pride and accomplishment that comes from completing a task or reaching a goal.

Coercive Power

The ability of a person to influence someone else's decision making or behavior by using threats, punishment, or some form of pressure.

Hostility, Resentment, and Anger

Intense feelings of opposition, bitterness, and strong displeasure or rage, often resulting from perceived wrongs or frustrations.