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:

Strategic Communication

The purposeful use of communication by an organization to fulfill its mission, involving the management and orchestration of all communication channels.

Organizational Goals

The objectives or targets that an organization aims to achieve, guiding its operations and strategies.

Advertising

The activity or profession of producing advertisements for commercial products or services.

Product Mind-set

An approach that focuses on continuously improving and iterating products based on customer feedback and market demands.