Solved

Hans Has an Account in Grancore Bank and Uses a Credit

Question 40

Multiple Choice

Hans has an account in Grancore Bank and uses a credit card issued by the bank. He uses the credit card for various forms of transactions. In the context of credit card usage, when Hans has unpaid balances, Grancore Bank will charge him a(n) _____ on the due amount.


A) annual percentage rate
B) nominal interest rate
C) monthly surcharge rate
D) floating interest rate

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions