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Q:

The annual percentage rate on a credit card determines

 

A) The amount of money you still owe to the credit card company B) Money you withdrawn from the credit card
C) Total transactions done throughout the year D) The amount of interest you are charged on credit card purchases

Answer:   D) The amount of interest you are charged on credit card purchases



Explanation:

The annual percentage rate (APR) on a credit card determines the amount of interest you are charged on credit card purchases.

 

Subject: Indian Economy
Exam Prep: Bank Exams
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