Which of the Following Is Not Correct About Cash Advances

question 55

Multiple Choice

Which of the following is not correct about cash advances?

• A) There is no grace period for cash advances.
• B) The interest rate for cash advances is higher than for purchases.
• C) A cash advance is like a loan.
• D) A transaction fee of 5% may be charged.

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Definitions:

Vestibule

An entryway or chamber that can be the central part of the ear, or an area at the mouth's entrance.

Semicircular Canals

Three looping fluid-filled tunnels in the inner ear that are involved in maintaining balance and sensing head rotation.

Cochlea

A spiral-shaped cavity in the inner ear that plays a key role in the sense of hearing by converting sound vibrations into nerve impulses.

Scala Tympani

A fluid-filled spiral passage in the inner ear, part of the cochlea, that plays a role in the process of hearing.