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:

Verified
Correct Answer:
Verified
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