Question
The maximum outstanding balance you should have on a credit card with a $4,000.00 limit is _____.
(1 point)
Responses
$500.00
$500.00
$1,000.00
$1,000.00
$2,000.00
$2,000.00
$4,000.00
(1 point)
Responses
$500.00
$500.00
$1,000.00
$1,000.00
$2,000.00
$2,000.00
$4,000.00
Answers
GPT-4o mini
The recommended maximum outstanding balance on a credit card is generally around 30% of the credit limit to maintain a good credit score. For a credit card with a $4,000 limit, 30% would be $1,200.
However, among the options given, the closest answer would be:
**$1,000.00**.
However, among the options given, the closest answer would be:
**$1,000.00**.