What statements best describe a store charge card?

1 answer:

3 0

redit card
In general, a credit card lets you make purchases for which you are billed later. Most credit card accounts allow you to carry a balance from one billing cycle to the next. However, you will usually have to pay interest on that balance. You likely also have to pay at least a certain amount of your balance each time you receive a bill.

Charge card
A charge card is a specific kind of credit card. The balance on a charge card account is payable in full when the statement is received and cannot be rolled over from one billing cycle to the next. American Express and Diner's Club are two well-known organizations that offer charge cards.

So what does this mean for your FICO® score? There are many ways to build one's FICO score over time. Credit cards in general have a strong influence on the FICO score calculation. Charge cards can be just as effective as any other credit product in helping consumers establish a credit history.

Whether you have a credit card or a charge card, the most important factor in building or improving your FICO score is using credit responsibly. That means paying your bills on time and using your credit only when needed. If you can do those things consistently, you should be well on your way toward maintaining a good score.

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fgiga [73]

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In the short run, an increase in the growth rate of the quantity of money ________ the nominal interest rate and in the long r

ikadub [295]

In the short run increase in the growth rate of the quantity of money decreases the nominal interest rate and in the long run it increases the nominal interest rate.

Explanation:

When there is increase in the growth rate of money supply people also start spending more.

When the nominal rate that is the interest rate decreases people demand for more money as a result the demand curve for money shifts towards its right and on the other hand when the nominal rates increases the demand for money falls and people starts saving the money as a result the demand curve for money moves towards left.