You Have an Average Outstanding Balance on Your Credit Card

question 122

Multiple Choice

You have an average outstanding balance on your credit card of $1,000.Which of the following would be your best choice for minimizing the cost of credit?

• A)Annual fee of $25 and 10% on the outstanding balance
• B)Annual fee of $10 and 12% on the outstanding balance
• C)No annual fee and 15% on the outstanding balance
• D)Annual fee of $50 and 8% on the outstanding balance

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