Multiple Choice
In the context of credit cards, which of the following statements is true of the annual percentage rate (APR) ?
A) The higher the APR, the greater the interest expense on unpaid balances.
B) All credit card companies charge the same APR for all transactions.
C) Credit card companies do not charge the APR on discounted products.
D) The lower the APR, the lower the cardholder's credit score.
Correct Answer:
Verified
Correct Answer:
Verified
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