Which of the Following Is Not True About Credit Card

question 113

Multiple Choice

Which of the following is not true about credit card costs?

• A)You can avoid annual fees by shopping around but the tradeoff for no annual fee might be a higher interest rate.
• B)Over-limit fees are charged whenever you exceed your credit line.
• C)6% of late-payment fees are incurred by college students.
• D)Cash advance fees are often about 1% of the amount borrowed.

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Worker

A person engaged in work, especially in manual or industrial labor, often for wages.

Profit Maximizing

Profit maximizing is the process by which a firm determines the price and output level that returns the greatest profit.

Workers Paid

Workers Paid refers to the total compensation, including wages, salaries, and benefits, given to employees for their labor.

Firms

Business organizations or entities engaged in commercial, industrial, or professional activities, aiming to generate profits through the provision of goods or services.