Credit card APRs are based APR

Per new education question and answer asked over students to express what they presume is the most crucial important element for a student to do in order for you to become success. Of many replies, one which that stood out was practice. People who are successful do not become successful by being born. They work hard and commitment their lives to succeeding. If you wish to accomplish your goals, keep this in mind! right below some question and answer examples that you could actually utilize to upgrade your knowledge and gain insight that will help you to keep up your school studies.


Credit card APRs are based APRA. prime rate and standard APRB. introductory APR and standard APRC. prime rate and credit historyD. prime rate and introductory APR​



The correct answer is C


Credit Card APR means that the credit card Annual Percent Rate, it is grounded APR on the prime rate which means the variable interest rate is the one which changes grounded on the another rate of interest. For example, APR on the credit card could be the prime rate plus 13%, this is the interest rate on the issuer credit card charges on top of the prime rate. And the APR also based on the credit history of the person.

They may hopefully guide the student take care of the question by obtaining the questions and answer examples. Then can potentially carry out some sharing in a group discussion and also learning with the classmate somewhere around the topic, so another student also experience some enlightenment and still keeps up the school learning.

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