Question

question 9
which type of balance
typically carries the highest
interest rate?
new transactions
balance transfers
cash advances
all credit card transactions have the same
interest rate

Explanation:

Cash advances are typically charged the highest interest rates among credit card balances because they are considered higher-risk transactions (no grace period, immediate interest accrual, and associated with short-term, unplanned cash needs). New transactions often have a grace period, balance transfers frequently come with promotional low rates, and not all credit card transactions have equal rates.

Answer:

Cash Advances