Which of the Following Is Not True Regarding Cash Advances

question 50

Multiple Choice

Which of the following is not true regarding cash advances on credit cards?

• A) They are treated just like other charges on your credit card.
• B) There is a charge for interest from the time you take the advance to the time you pay it off.
• C) There is also a transaction fee on most cash advances.
• D) The grace period does not apply to cash advances.

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Definitions:

Financial Forecast

Projections of a company's future revenue, expenses, and profitability, used to estimate economic performance and plan business strategies.

Formal Business Plan

A detailed document that outlines a company's objectives, strategies, market analysis, financial forecasts, and management structure required for starting and running the business.

Financial Section

A segment of a business plan or report that covers the financial explanations, projections, and the fiscal health of a company.

Business Concept

An idea for a business that includes basic information such as the service or product, the target demographic, and a unique selling proposition that gives a company an advantage over competitors.