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38). a. b. Determine whether the following statement makes sense or does not make sense, and explain your reasoning. The balance due on my credit
38).
a.b.
Determine whether the following statement makes sense or does not make sense, and explain your reasoning. The balance due on my credit card from last month to this month increase even though I made no new purchases. Choose the correct answer below. O A. The statement does not make sense. Because no new purchases were made, the average daily balance would remain unchanged, so there would be no change in the balance due. OB. The statement makes sense. The balance due on a credit card always increases, even if no new purchases are maded. O C. The statement does not make sense. Because no new purchases were made, the credit card was unused for that month, which means its balance due cannot change. D. The statement makes sense. The interest charges from the previous month would add to the average daily balance, which would increase the balance due. Determine whether the following statement makes sense or does not make sense, and explain your reasoning. One advantage of using credit cards is that there are caps on interest rates and fees. Choose the correct answer below. A. This statement does not make sense. Credit cards do not have any caps on interest rates, but they do have caps on fees. B. This statement makes sense. C. This statement does not make sense. This is a disadvantage of using a credit card. D. This statement does not make sense. Credit cards do not have any caps on interest rates and feesStep by Step Solution
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