All categories

4 years ago

The type of credit card you want to pay in full on time every time is...

Business

2 answers:

nignag [31]4 years ago

8 0

The correct option is (C).

The type of credit card we want to pay in full on time every time is high credit limit and low interest.

Further Explanation:

Credit card:

It is a form of plastic card which is issued by any bank.A credit card is something a person borrows an amount initially from the banks of that card then, and the amount is paid back with interest, the credit card is used for many purposes like purchasing of products.

Justification for the correct and incorrect option:

Low Credit Limit, High interest: This option is incorrect.

A credit cardholder always prefers to have a credit card that has a high credit limit and low interest to pay, not the low credit limit, and with high interest to be charged.

Low Credit Limit, Low interest: This option is incorrect.

A credit cardholder always prefers to have a credit card that has a high credit limit and low interest to pay, and not with the low credit limit which has less value than the high credit limit card with low interest.

High Credit Limit, Low interest: This option is correct.

A credit cardholder always prefers to have a credit card that has a high credit limit and low interest to pay. An ideal credit card is which is preferred by most of the customers so that the customers have to pay less interest for the credit card borrowing.

High Credit Limit, High interest: This option is incorrect.

A credit cardholder always prefers to have a credit card that has a high credit limit and low interest to pay, not the high interest, which will make the person pay extra amount for that borrowed amount of the credit card.

Learn More:

1. Credit card

brainly.com/question/8750254

2. Credit card

brainly.com/question/1124275

3. Credit card

brainly.com/question/6453895

Answer Details:

Grade: High school

Chapter: Credit card

Subject: Business studies

Keywords:

The type of credit card you want to pay in full on time every time is low credit limit, high interest, low credit limit, low interest, high credit limit, low interest, high credit limit, high interest.

Scorpion4ik [409]4 years ago

7 0

The answer is A) low credit card limit, high interest

You might be interested in

Meena Chavan Corp.'s computer chip production process yields DRAM chips with an average life of 1 comma 800 hours and sigma =

Lena [83]

Answer:

Cp= 1.33

Explanation:

Giving the following information:

Meena Chavan Corp.'s computer chip production process yields DRAM chips with an average life of 1,800 hours and sigma = 100 hours. The tolerance upper and lower specification limits are 2,400 hours and 1,600 hours, respectively.

Cp= (upper specification - lower specification)/6*sigma

Cp= (2400 - 1600)/6*100= 1.33

3 0

3 years ago

Heidi, the found of Camp Bow Wow, started a franchise instead of only having one location in part because: _____________

ladessa [460]

With the franchise of her Camp Bow Wow, a. It allowed her to work at realizing her vision and building the brand rather than the day-to-day operations of the business.

Heidi did not choose the franchise option because she had experience in founding other franchises, had her fill with corporate life, or needed to recover money wasted on the settlement of her late husband's plane crash lawsuit.

Thus, with her passion for the dog daycare business, she used the franchise option to duplicate and replicate the original business concept., thereby realizing her vision and building the Camp Bow Wow brand.

Learn more: brainly.com/question/18082361

3 0

3 years ago

A bank has a reserve requirement of 0.08. If it has demand deposits of $200,000 and is holding $4,000 in reserves: a. the bank i

hoa [83]

Answer:

Option (d) is correct.

Explanation:

Given that,

Reserve requirement = 0.08

Demand deposits = $200,000

Holding in reserves = $4,000

Reserve required:

= Reserve Requirement ratio × Amount of demand deposits

= 0.08 × $200,000

= $16,000

Therefore, the reserves in holding is less than the required reserves. Hence, the bank is not meeting its reserve requirement.

5 0

3 years ago

Government-regulated maximum rent levels are an example of what? A. price floors B. public good C. rationing D. price ceilings

OLga [1]

D. Price ceiling

This is a government regulation that establishes a maximum price for a specific thing.

3 0

4 years ago

You are the owner of a Comfort Inn and would like to hire a new general manager. In terms of preventing possible agency problems

Elanso [62]

Answer:

To avoid possible agency problems, profit sharing should be included in your offer

Explanation:

Profit sharing has to be included to ensure trust and to also gain the new general manager's trust

3 0

3 years ago