Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

consumers that pay off the balance each month are called: convenience u…

Question

consumers that pay off the balance each month are called:

convenience users

consumers

compulsive shoppers

monthly users

Explanation:

Brief Explanations

This term refers to credit card users who pay their full balance each month, avoiding interest charges and using the card for the convenience of cashless transactions and benefits. The other options are incorrect: "consumers" is too broad, "compulsive shoppers" refers to those with uncontrolled spending habits, and "monthly users" is not the standard financial term for this group.

Answer:

A. convenience users