If Finance Charges Are Not Assessed on New Credit Card

question 112

Multiple Choice

If finance charges are not assessed on new credit card transactions during the period between the posting date and the due date,this period is called the ____ period.

• A)free
• B)grace
• C)repayment
• D)convenience

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Definitions:

Geographic

Relating to the physical and spatial characteristics of an area or environment when segmenting markets.

Behavioral

Pertaining to the actions or reactions of persons or objects under certain conditions, often studied in psychology and behavioral sciences.

Psychographic

Relating to the study and classification of people according to their attitudes, aspirations, and other psychological criteria, often used in market research.

Demographic

Statistical data relating to the population and particular groups within it, often used in market analysis to segment audiences.