The Choice of a Credit Card Is a Matter of Personal

question 130

Multiple Choice

The choice of a credit card is a matter of personal credit card philosophy.If you are a credit user,the most important decision factor is the card's

• A)length of grace period.
• B)annual fee.
• C)APR on the unpaid balance.
• D)minimum payment.
• E)late payment fee.

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Definitions:

Minimum Efficient Scale

The lowest level of output at which a firm can minimize long-run average total cost.

U.S. Agriculture

The sector of the United States economy that deals with the production of plants and animals for food, fiber, and other products.

Farm Share

The portion of the final retail price of agricultural products that goes back to the farmers.

U.S. GDP

U.S. Gross Domestic Product reflects the total monetary or market value of all the finished goods and services produced within the United States' borders in a specific time period.