Question
Posttest: Life Scenarios
3/25
Which of the following is true about credit cards?
A
You can't use a credit card at most stores.
B
If you don't pay your balance off in full each month, you'll accrue interest.
C
Credit cards allow you to access money in your checking account.
D
Charging your credit card is the best way to pay for an unexpected expense.
3/25
Which of the following is true about credit cards?
A
You can't use a credit card at most stores.
B
If you don't pay your balance off in full each month, you'll accrue interest.
C
Credit cards allow you to access money in your checking account.
D
Charging your credit card is the best way to pay for an unexpected expense.
Answers
Answered by
GPT-4o mini
The correct answer is:
B. If you don't pay your balance off in full each month, you'll accrue interest.
This statement is true because when you carry a balance on your credit card and do not pay it off in full, interest is charged on the remaining balance.
B. If you don't pay your balance off in full each month, you'll accrue interest.
This statement is true because when you carry a balance on your credit card and do not pay it off in full, interest is charged on the remaining balance.
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