Question

Expert Card has an APR of 23.4% compounded monthly. Passport has a daily periodic interest rate of 0.0375%. Explore has a monthly periodic interest rate of 1.95%. Which card has the higher APR?

Expert Card

Passport

Explore

Expert Card and Explore are equally high

Answer 1

Expert Card has the most APR and it is the highest

Answer 2

Are you sure not explore?

Answer 3

ya it is expert card

Answer 4

Thanks! I have one more if you don't mind:

Choose the fragment which best completes the following sentence. The billing cycle of a credit card is the time period

between your last payment and your current payment

between your last closing date and your current closing date

when you can make a payment without owing late charges

when you can pay off your balance without owing any interest

Answer 5

2nd one i think

Answer 6

thank you! would you mind helping me with a few more since it comes so easily to you? It really helps me understand my concepts

Answer 7

Which statement best describes a disadvantage to using a credit card instead of cash?

Interest charges can be associated with credit cards.

Credit cards offer protections, such as insurance.

You cannot overspend when using credit cards.

Credit cards are used to make online purchases.

Answer 8

Interest charges can be associated with credit cards.

Answer 9

Sarah is buying a new washer and dryer. She has the cash to pay for the appliances. But, she wonders if she should use all of her cash or use a credit card. What advice would you give Sarah?

Use money from savings because large purchases should always be made with cash.

Open a new credit card account because she is offered a new introductory APR.

Use a credit card because the minimum payments will be lower than the cost of the washer and dryer.

Use a credit card because it can offer protection if something should happen to the washer and dryer.

Answer 10

Use a credit card because the minimum payments will be lower than the cost of the washer and dryer.

Answer 11

Choose the fragment which best completes the following sentence. Your credit history will help government agencies determine if you can

make loan payments on time

apply for more credit cards

be a responsible homeowner

afford child support payments

Answer 12

make loan payments on time

Answer 13

A hard inquiry on your credit history is a request made by

a potential lender and could negatively impact your credit score

a potential lender and cannot negatively impact your credit score

your employer or current creditors and could negatively impact your credit score

your employer or current creditors and cannot negatively impact your credit score

Answer 14

a potential lender and cannot negatively impact your credit score

Answer 15

I am sure

Answer 16

Which of the following scenarios will least negatively impact a credit score?

consistently making late payments

keeping a high balance on credit cards

having a short credit history

keeping only one type of credit

Answer 17

I really appreciate your help <3