multiple choice 1 point which of the following is the gap between when the credit cards billing cycle closes…

multiple choice 1 point which of the following is the gap between when the credit cards billing cycle closes and when the bill becomes due? cash advance grace period late payments prepayment penalty

multiple choice 1 point which of the following is the gap between when the credit cards billing cycle closes and when the bill becomes due? cash advance grace period late payments prepayment penalty

Answer

: B. Grace period

Brief Explanations:

The grace period is the time - gap between a credit card's billing cycle close and bill due date, during which no interest is charged if the balance is paid in full. Cash advance is borrowing money on a credit card, late payments are payments made after the due date, and prepayment penalty is a fee for paying off a debt early.