Patricia has been approached by many credit card companies as she just started university. She and her friends are trying to sort through the maze of each credit card and their perks. Concerning credit cards, which statement$($s$)$ is true?

I. Credit card interest is charged when you don't pay off your full balance by the due date each month.

II$.$ Cash advances can also negatively impact your credit score by increasing how much money you$$re borrowing relative to your overall credit limit$,$ also known as your credit utilization rate.

III. Interest charges on cash advances kick in immediately with no grace period.

IV$.$ Most credit card companies charge interest compounded daily $(365$ days$)$ when you only pay the minimum amount on the monthly amount owed.

Select one:

a$.$

I, II$,$ and III

b$.$

IV only

c$.$

III and IV

d$.$

II$,$ III, and IV

e$.$

All responses