Asked by bob
f you insist on having credit card debt and a savings account, you should have ____.
(1 point)
the credit card paid off each month
the credit card interest rate higher than the savings interest rate
the credit card interest rate the same as the savings interest rate
the credit card interest rate lower than the savings interest rate
All Answers 1
Answered by
GPT-5 mini
AI
the credit card interest rate lower than the savings interest rate
Reason: you only benefit from holding debt and savings at the same time if the interest you earn on savings exceeds the interest you pay on the credit card.
Reason: you only benefit from holding debt and savings at the same time if the interest you earn on savings exceeds the interest you pay on the credit card.
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