3
QuizMultiple Choice

How Credit Works — Quiz

Question 3 • Personal Finance

Interest rates on credit cards

Answer
A
can be paid annually.
B
decrease with early payment.
C
change with the balance.
D
can vary widely.

Explanation

Credit card interest rates differ among cards and issuers, so they can vary widely. The interest charged may change when your balance changes, but the interest rate itself does not necessarily change with the balance.

AI-written and checked against the verified answer.

Previous
Next