11-06-2020
Business

contestada

The minimum amount of money a credit card holder must pay to keep his or
her account in good standing is called the
A. billing cycle
B. finance charge
c. minimum monthly payment
O D. grace period

Respuesta :

ayoogunyemi ayoogunyemi

19-06-2020

Answer:

Finance Charge.

Explanation:

Credit card is an instrument issued by the bank that allows the holder to buy goods and services in credit . In other words , it gives the holder loan opportunity that are repayable in the future.

The bank charges a finance charge or interest rate on the amount owed based on the annual percentage rate , the amount owed and the length of repayment period . This is paid until the balance is fully offset within the grace period.

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