You pay off your full credit card bill every month. Should you ever borrow up to your credit limit? Choose the best answer. OA. Sure. That's why they gave it to me. Smart people never borrow more than 80% percent of their credit limit, even O B. if they are paying off their credit card bill in full each month. OC. Sure! I can always pay it off later when I get the money. OD. Yep...Because that is what all my friends do and they have cool stuff.
You pay off your full credit card bill every month. Should you ever borrow up to your credit limit? Choose the best answer. OA. Sure. That's why they gave it to me. Smart people never borrow more than 80% percent of their credit limit, even O B. if they are paying off their credit card bill in full each month. OC. Sure! I can always pay it off later when I get the money. OD. Yep...Because that is what all my friends do and they have cool stuff.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Transcribed Image Text:You pay off your full credit card bill every month. Should you ever borrow up to
your credit limit? Choose the best answer.
O A. Sure. That's why they gave it to me.
Smart people never borrow more than 80% percent of their credit limit, even
O B.
if they are paying off their credit card bill in full each month.
OC. Sure! I can always pay it off later when I get the money.
O D. Yep...Because that is what all my friends do and they have cool stuff.
Save and Quit
You are a responsible person, but sometimes you have to charge things to your
DELL
%23
$4
&
3
4
10
Transcribed Image Text:You are a responsible person, but sometimes you have to charge things to your
credit card and pay for them over several months rather than in one payment.
Your card has a $1,000 limit. Since you are going to be financing your charges
over several months, what is the maximum amount you should owe on your credit
card at one time?
OA. $200.
O B. $400.
OC. $800.
OD. $1,000.
Question 18
Save and Quit
You lave a creuit card with a $1,000 limit. You plan to always pay your card off in
full each month. What is the amount you can safely owe on your card?
DELL
$4
4.
&
7
e
y
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