All of the Following Are True of the Grace Period

question 37

Multiple Choice

All of the following are true of the grace period on credit cards except it

• A)is usually about 20 days.
• B)applies only to cash advances.
• C)is the time in between the time the statement is "closed" and the time the bill is due.
• D)amounts to free credit time.

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Definitions:

Sensory Deprivation

The intentional reduction or removal of stimuli from one or more of the senses, which can lead to increased sensitivity in the remaining senses or to mental effects such as hallucination.

Older-Adult

An individual who is typically defined as being in the later stage of life, often considered to be of age 65 years or older.

Cognitive

Pertaining to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Affective

Related to moods, feelings, and attitudes; an aspect of psychology that studies emotions and their effect.