Which is the best definition of a grace period?

A. The time between the date a bill is mailed and the date the bill is due.
B. The time to make an extra payment that will reduce the interest rate on a credit card.
C. The time between the date a credit card is issued, and the date the first bill is due.
D. The time between a bill's due date and the date at which a late fee is charged.


Answer: D

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Fill in the blank(s) with the appropriate word(s).

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a. True b. False

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