In Comparing Credit Cards,which of the Following Is False

question 55

Multiple Choice

In comparing credit cards,which of the following is false?

• A)Some cards are more widely accepted than others
• B)Some cards offer a teaser interest rate
• C)Some charge an annual fee and others do not
• D)Some cards allow you to carry a balance from month-to-month with no interest

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Definitions:

Yearly Save

Yearly save refers to the amount of money or cost savings that an organization or individual aims to achieve within a one-year period.

Straight-Line Method

A method of calculating depreciation of an asset which assumes the asset will lose an equal amount of value each year over its useful life.

Diminishing Value

A method of depreciation where an asset loses value at a decreasing rate over time, reflecting its declining usefulness or productivity.

Accounting Rate of Return

A financial ratio that measures the return on investment from a project based on its net income.