Question

choose the correct answer. the figure that expresses the cost of a credit card in dollars and cents is the ______
annual percentage rate
monthly payment due
credit limit
finance charge

Explanation:

• Annual percentage rate (APR) is a percentage, not a dollar - cent amount.
• Monthly payment due is the amount you pay monthly, not specifically the cost of the credit card.
• Credit limit is the maximum amount you can borrow, not the cost.
• Finance charge is the cost of using credit, expressed in dollars and cents.

Answer:

D. finance charge