The higher interest rate of a cash advance on a credit card with an existing balance can be eliminated by paying the cash advanc

Question

tatiyna

2 years ago

10

The higher interest rate of a cash advance on a credit card with an existing balance can be eliminated by paying the cash advanc

e back within four weeks.
t
or
f

Mathematics

2 answers:

finlep [7] · Answer 1 · 2022-08-06T04:32:08+03:00

finlep [7]2 years ago

8 0

The answer is False.

Tpy6a [65] · Answer 2 · 2022-08-06T06:27:29+03:00

Answer:

The correct answer is false.

Step-by-step explanation:

The higher interest rate of a cash advance on a credit card with an existing balance can be eliminated by paying the cash advance back within four weeks is false. This is not the way in which banks work and the initial given rate is not changed throughout the tenure of the loan/balance.