Which of the Following Practices by a Credit Card Company

question 33

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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