Question: (Your response will be manually graded.) What is meant by a credit card's grace period? How does it impact financing charges, given: 1) no existing

 (Your response will be manually graded.) What is meant by a

(Your response will be manually graded.) What is meant by a credit card's grace period? How does it impact financing charges, given: 1) no existing loan balance going into the month but credit card purchases within the month and 2) a loan balance at the beginning of the month plus monthly credit card charges

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