Question

1.

Answer 1

Answers for 1 & 2 are provided.
1. Another name for credit cards.
2. Always pay more than the minimum due (unless you want to pay more for your purchases in the long run).

Answer 2

The correct answer to this question is this one:

1 b. must have their balances paid in full each month. Charge cards must have their balances paid in full each month

2 c. minimum due. You should always pay more than the minimum due.

3 b. $2,739.11. You have $2,675.00 on a credit card with a 15.75% APR. You miss your minimum payment and there is a late fee of $29.00. Your balance at the beginning of the second month is $2,739.11