Match the following credit terms with the correct description. APR [Choose ] [Choose Known as the Annual Percentage Rate. Fees Some credit cards charge these. They can be charged for membership and you may be required to pay them once a year. Credit cards that offer these give you cash or points for purchases you make. Occurs when you don't pay your monthly payment on time. These occur when you transfer your balance to a different card. Rewards When you move an existing balance to another credit card or account. The least amount of money you are obligated to pay back on a monthly basis to avoid fees and penalties.
Match the following credit terms with the correct description. APR [Choose ] [Choose Known as the Annual Percentage Rate. Fees Some credit cards charge these. They can be charged for membership and you may be required to pay them once a year. Credit cards that offer these give you cash or points for purchases you make. Occurs when you don't pay your monthly payment on time. These occur when you transfer your balance to a different card. Rewards When you move an existing balance to another credit card or account. The least amount of money you are obligated to pay back on a monthly basis to avoid fees and penalties.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![Match the following credit terms with the correct description.
APR
[Choose ]
[Choose ]
Known as the Annual Percentage Rate.
Some credit cards charge these. They can be charged for membership and you may be required to pay them once a year.
Credit cards that offer these give you cash or points for purchases you make.
Occurs when you don't pay your monthly payment on time.
These occur when you transfer your balance to a different card.
When you move an existing balance to another credit card or account.
The least amount of money you are obligated to pay back on a monthly basis to avoid fees and penalties.
[Choose ]
[Choose ]
[Choose ]
[Choose ]
Fees
Rewards
Finance Charges
Late fees
Balance Transfer
Minimum payment](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc7505e4c-a0dd-431d-8138-f8b9f635371c%2Ffe3d8e03-88bf-475c-9ddf-ae6263eb636e%2Fmxv4wy_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Match the following credit terms with the correct description.
APR
[Choose ]
[Choose ]
Known as the Annual Percentage Rate.
Some credit cards charge these. They can be charged for membership and you may be required to pay them once a year.
Credit cards that offer these give you cash or points for purchases you make.
Occurs when you don't pay your monthly payment on time.
These occur when you transfer your balance to a different card.
When you move an existing balance to another credit card or account.
The least amount of money you are obligated to pay back on a monthly basis to avoid fees and penalties.
[Choose ]
[Choose ]
[Choose ]
[Choose ]
Fees
Rewards
Finance Charges
Late fees
Balance Transfer
Minimum payment
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