People should only charge a purchase on a credit card if they can pay the balance off over no more than a three-month period. True or False?
Question
Solution 1
False. While it's generally a good idea to pay off credit card balances as quickly as possible to avoid interest charges, there's no hard and fast rule that purchases should only be charged if they can be paid off within a three-month period. The key is to use credit responsibly and to have a plan f Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
Similar Questions
People should only charge a purchase on a credit card if they can pay the balance off over no more than a three-month period. True or False?
Paying off your credit card every month is good for your credit score.Group of answer choicesTrueFalse
If you don't pay the entire balance on your card you must pay at least this amount to avoid a late charge ____. athe annual fee bthe minimum payment cthe APR
Moving an amount you owe from one credi card to another credit card is best described as a cash advance. True False
A credit purchase of a business expense item should be recorded with a debit to an expense account and a credit to Accounts Payable. True False