Question

1. In reviewing your Summary Account Activity (#1), you notice FEES

Answer 1

Answer: Annual Fee

Step-by-step explanation:

The options include:

a. Late Payment Fee

b. Balance Transfer Fee

c. Cash Advance Fee

d. Annual Fee

The reason for the fee of $69.45 charged will be due to the late payment fee which is as a result of failing to make a payment by a due date.

Other reasons for the fee include the balance transfer fee which is the charged by the lender in order to transfer an existing debt that's incurred by another lender. The cash advance fee is also another reason for the charges.

Therefore, the correct answer to the question is annual fee.