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

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

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

Answer

Answer:

B. Grace period

Brief Explanations:

The grace period is the time - gap between a credit card's billing cycle closing and the bill's due date, during which no interest is charged if the balance is paid in full. A cash advance is a withdrawal of cash using a credit card. Late payments occur after the due date. A prepayment penalty is a charge for paying off a debt early.