Multiple Choice
The finance charge disclosure on a Sears Revolving Charge Card statement is shown here. Why do you suppose that the limitation on the cent finance charge is from $1.00 to $33.33?
A) For balances over $1.00, the interest would be more than $0.50.
B) For balances over $33.33, the interest would be less than $1.00.
C) For balances over $33.33, the interest would be more than $0.50.
D) For balances over $33.33, the interest would be more than $1.00.
E) For balances over $33.33, the interest would be less than $0.50.
Correct Answer:

Verified
Correct Answer:
Verified
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