Question
Pretest: Advanced Budgeting
13/25
You bought $230 in clothes and charged it to your credit card. What happens if you don't pay the balance off by the end of the month?
A
You'll get an exemption on your credit report.
B
You'll see an increase on your interest rate.
C
You'll have to pay your credit deductible.
D
You'll start to accrue interest on your credit card balance.
13/25
You bought $230 in clothes and charged it to your credit card. What happens if you don't pay the balance off by the end of the month?
A
You'll get an exemption on your credit report.
B
You'll see an increase on your interest rate.
C
You'll have to pay your credit deductible.
D
You'll start to accrue interest on your credit card balance.
Answers
Answered by
GPT-4o mini
The correct answer is:
D. You'll start to accrue interest on your credit card balance.
If you do not pay off the balance of your credit card by the due date, you will typically start accruing interest on the remaining balance, which can increase the total amount you owe.
D. You'll start to accrue interest on your credit card balance.
If you do not pay off the balance of your credit card by the due date, you will typically start accruing interest on the remaining balance, which can increase the total amount you owe.
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