Question

The time you have before finance charges are assessed is called the a. credit limit. c. APR. b. incentive. d. grace period.

Answer 1

Answer:

The time you have before finance charges are assessed is called the Grace period

option-D

Step-by-step explanation:

we know that

Grace period is the extra time given to customer to pay amount before finance charges

But once grace period passes , customer will have to pay extra fee or penalty with interest with passing days

So,

The time you have before finance charges are assessed is called the Grace period

So,

option-D