Question

multiple choice question
what is the difference between convenience users and borrowers?

the interest rate charged to the consumer versus a business
payment of the full balance versus carrying over a balance
the credit limit amount of the consumer versus the balance amount
the amount of credit used by a consumer versus a business
payment amounts that are more than $1,000.00

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Explanation:

Convenience users of credit pay off their full balance each billing cycle to avoid interest, while borrowers carry over a balance from month to month and incur interest charges. The other options do not distinguish these two user types correctly, as they focus on irrelevant factors like business vs consumer rates, credit limits, or arbitrary payment amounts.

Answer:

Payment of the full balance versus carrying over a balance