what did you learn? question 9 of 10 what statement is correct about grace periods? a grace period is the…

what did you learn? question 9 of 10 what statement is correct about grace periods? a grace period is the time between making a purchase and when the company begins charging you interest. every credit card has a grace period. you are charged interest during the grace period. a short grace period is better for the borrower.

what did you learn? question 9 of 10 what statement is correct about grace periods? a grace period is the time between making a purchase and when the company begins charging you interest. every credit card has a grace period. you are charged interest during the grace period. a short grace period is better for the borrower.

Answer

Brief Explanations:

A grace period on a credit - related item is the time frame where a borrower can make a purchase and not be immediately charged interest. Not all credit cards have grace periods. Interest is not charged during the grace period, and a longer grace period is generally better for the borrower as it gives more time to pay off the balance without incurring interest.

Answer:

A. A grace period is the time between making a purchase and when the company begins charging you interest.