1. select the most likely consequence of making credit card payments late.
a. fees and paying...
1. select the most likely consequence of making credit card payments late.
a. fees and paying the introductory interest rate on the balance
b. paying higher interest rates
c. fees and paying the default interest rate on the balance
d. none of these answers are correct
2. zach is an authorized user on his parents credit card. what may happen if zach doesn't use the card in a responsible way?
a. zach's parents credit may be damaged
b. zach's credit may be damaged
c. none of these answers are correct
d. zach and zach's parents credit may be damaged
3.. if interest rates rise, what will happen to the prices of bonds?
a. no change
b. decrease
c. increase
d. interest rates and bond prices are not related
4. if the typical balance on lucy's credit card is $500 and the interest rate on her credit card is 16%, how much in interest would you expect lucy to be charged in a typical month?
a. about $51.74
b. about $80.86
c. about $6.67
d. about $16.00
Answers: 2
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