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DiKsa [7]
3 years ago
12

A CEedit card's Minimum monthly payment refers to

Business
2 answers:
dangina [55]3 years ago
6 0

Answer:

B. the minimum amount a borrower must pay back each month.

Explanation:

A credit card is the credit facility that the credit card company issues to the credit cardholder. The credit card facilities allow the cardholder to make payments for goods and services on credit up to a set limit.  Sine credit card is a debt; the credit card company issues a statement at the end of every month to claim payments from the cardholder.

The credit card statement contains the outstanding statement balance and the minimum monthly payment. The customer is advised to clear all the outstanding balance to avoid interest fees. However, if the customer cannot settle the entire balance, they must pay the minimum balance. Failure to pay the minimum balance is defaulting on the credit card and comes with heavy penalties.

steposvetlana [31]3 years ago
6 0

Answer:

the minimum amount a borrower must pay back each month.

Explanation:

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what do economies of scale, the ownership of essential raw materials, and patents have in common? They are all barriers to entry.

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2 years ago
How do purchase returns and allowances and purchase discounts affect gross purchases?
Sergeu [11.5K]

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B. Both are subtracted from purchases.

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3 years ago
A trademark can help your company do what?
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6 0
2 years ago
A seasoned loan is a: (a)loan with a payment record. (b)long-term loan. (c)first encumbrance. (d)None of the above
den301095 [7]

Answer:

The correct answer is A

Explanation:

Seasoned loan is the loan which is defined as the loan that has been made out for at least a year, in which the borrower of the loan has a good history in relation to the payment of the loan. It is considered a sign that the loan will be unlikely to default. And it may command the higher prices on the secondary market.

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So, it is a loan with the payment record of the payments made by the borrower.

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