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30 October, 03:51

Which of the following is a way to use credit responsibly?

A.

Opening several different credit accounts

B.

Paying only the minimum payment each month

C.

Understanding the account's interest rate

D.

Paying attention to the APR and not the APY

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Answers (2)
  1. 30 October, 03:57
    0
    I believe it would be C. Because understanding the interest rate is very important but also understanding how often interest is added yearly could also be important
  2. 30 October, 03:59
    0
    Answer: The correct answer is : C. Understanding the account's interest rate

    Explanation: The most advisable and responsible thing is to look for a loan with a low annual fee and also a low interest rate. This in order to ensure that you are able to pay what you spend and be able to be punctual in payments to avoid penalties.
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Home » Business » Which of the following is a way to use credit responsibly? A. Opening several different credit accounts B. Paying only the minimum payment each month C. Understanding the account's interest rate D. Paying attention to the APR and not the APY
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