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Elodia [21]
2 years ago
6

If finance charges are not assessed on new credit card transactions during the period between the posting date and the due date,

this period is called the ____ period.
Business
1 answer:
Advocard [28]2 years ago
7 0

The period between the posting date and the due date, this period is called the grace period. In this period the finance charges are not assessed on new credit card.

<h3>What is grace period?</h3>

A grace period is a period of time after the due date during which payment can be made without incurring any penalties. In most mortgage loan and insurance arrangements, a grace period of 15 days is included.

A grace period allows a borrower or insurance client to postpone payment for a certain time after the due date has passed.

Thus, grace period is the period between the posting date and due date.

For further details about grace period, click here:

brainly.com/question/14288642

#SPJ1

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Answer:

d.efficient in production but not necessarily in allocation.

Explanation:

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Answer:

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