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Whitepunk [10]
3 years ago
14

The annual percentage rate on a credit card determines _______.

Social Studies
1 answer:
Ray Of Light [21]3 years ago
3 0
<span>The right answer is "The amount of interest you are charged on credit card purchases".
</span><span>
</span><span>A credit card is a banking instrument that allows to carry out economic transactions of purchase to the credit of goods and services, with an available monetary limit, and paying a previously established amount of interests.
</span><span>
</span><span> Interest is an index used to measure the cost or value of using a credit. When acquiring a credit card, the bank establishes previously what percentage of interest will be paid, this may vary according to the banking agency that provides the service. </span><span /><span>
</span><span>I hope this information can help you.</span>
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