Answered

Get comprehensive solutions to your questions with the help of IDNLearn.com's experts. Ask any question and get a thorough, accurate answer from our community of experienced professionals.

Question 20 of 25
Which of the following is used by credit card companies to determine an
APR?
O A. Prime rate + credit history
B. Introductory APR + standard APR
O C. Prime rate + standard APR
O D. Prime rate + introductory APR

Sagot :

EliteMobidn

Credit card companies determine their APR based on creditworthiness, or how much risk you pose as a borrower, as well as broader factors like the health of the economy. Creditworthiness is based on criteria such as an applicant's credit history, income and total amount of money owed.

Thank you for using this platform to share and learn. Keep asking and answering. We appreciate every contribution you make. Thank you for choosing IDNLearn.com for your queries. We’re committed to providing accurate answers, so visit us again soon.