Mike Has a MasterCard with an Annual Fee of $25,18

question 101

Multiple Choice

Mike has a MasterCard with an annual fee of $25,18% interest,and a $1,000 credit limit.He always pays the total outstanding balance monthly.His most recent monthly statement lists last month's payment,new charges this month totaling $1,500,and a $30 fee.That fee is most likely

• A)the interest charges.
• B)his annual fee.
• C)an over-the-limit fee.
• D)a late-payment fee.
• E)a transaction fee on purchases.

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Definitions:

High School Education

A secondary school program typically completed between the ages of 14 and 18, preparing students for higher education or vocational training.

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A term describing limitations in cognitive functioning and behavioral abilities, ranging from mild to severe, that can affect an individual's day-to-day life and learning.

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Voidable

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