Which of the following can increase your credit card?s APR? making credit card p

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Question
Which of the following can increase your credit card?s APR?
Options
A. making credit card payments
B. missing credit card payments
C. not using credit card for long time
D. All of the above

Correct Answer

missing credit card payments

Explanation

APR means Annual Percentage Rate. Creditcards apr can be increased when you missed credit card payments.

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Accounting and Finance problems

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1. The accounting process is correctly sequenced as
Options
A. Identifying?recording?communicating
B. Identifying?communicating?recording
C. Communicating?Recording?Identifying
D. Recording?Communicating?Identifying

2. Which of the following best describes Accounting?
Options
A. is an information system that provides reports to its stakeholders regarding economic activities and the condition of the business
B. is used only for filling out tax returns and for financial statements for various types of governmental reporting requirements
C. records economic data but does not communicate the data to users according to any specific rules
D. is of no use by individuals outside of the business

3. An increase in the price of product A will
Options
A. reduce the demand for resources used in the production of A.
B. reduce the demand for substitute product B
C. increase the demand for complementary product C.
D. increase the demand for substitute product B.

4. The interest-rate effect suggests that
Options
A. an increase in the price level will increase the demand for money, increase interest rates, and decrease consumption and investment spending.
B. a decrease in the supply of money will increase interest rates and reduce interest-sensitive consumption and investment spending
C. an increase in the price level will decrease the demand for money, reduce interest rates, and increase consumption and investment spending.
D. an increase in the price level will increase the demand for money, reduce interest rates, and decrease consumption and investment spending.

5. Most financial investments are examples of what type of risk?
Options
A. Credit risk
B. Longevity risk
C. Human risk
D. Inflation risk

9. Which of the following statements about minimum payments is incorrect?
Options
A. If you send in the minimum payment, you will be charged a late fee
B. Paying the minimum means you are only paying off a portion of your total debt
C. You will still pay interest on your balance if you submit the minimum payment
D. Minimum payments are typically only 2-4% of your total debt

10. In recording an accounting transaction in a double-entry system
Options
A. there must always be entries made on both sides of the accounting equation.
B. the amount of the debits must equal the amount of the credits.
C. there must only be two accounts affected by any transaction.
D. the number of debit accounts must equal the number of credit accounts.

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