Miako has just applied for a credit card that offers a 1.9 percent interest rate for 12 months. At the end of 12 months, the int

Question

3 years ago

15

Miako has just applied for a credit card that offers a 1.9 percent interest rate for 12 months. At the end of 12 months, the int

erest rate will be "prime plus 9 percent." Which of the following characteristics does this card have?
Both variable interest rates and teaser rates

Social Studies

1 answer:

Crank · Answer 1 · 2022-02-09T09:56:28+03:00

Answer:

Both variable interest rates and teaser rates

Explanation:

Miako has just applied for a credit card that offers a 1.9 percent interest rate for 12 months. At the end of 12 months, the interest rate will be "prime plus 9 percent." The card have both variable interest rates and teaser rates.