Hans has an account in Grancore Bank and uses a credit card issued by the bank. He uses the credit card for various forms of transactions. In the context of credit card usage, when Hans has unpaid balances, Grancore Bank will charge him a(n) _____ on the due amount.
A. annual percentage rate
B. nominal interest rate
C. monthly surcharge rate
D. floating interest rate
Answer: A
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a. True b. False
________ is a ranking of individuals into harmonized groups based on demographic characteristics such as age, education, income, and occupation.
A. Household life cycle (HLC) B. Reference group C. Social class D. Classical conditioning E. Operant class
We can only be thrifty with money. We have no control over time.
a. True b. False
Which of the following maintains a record of the inflows and outflows in a cash account?
A. Bank available balance B. Company book balance C. Overdraft balance D. Bank ledger balance