American_Bankers_Association
CTFA · Question #252
A short period of time, usually 20 to 30 days, during which you can pay your credit card bill in full and not incur any interest charges, is:
The correct answer is A. Grace period. See the full explanation below for the reasoning.
Fiduciary and Trust Activities
Question
A short period of time, usually 20 to 30 days, during which you can pay your credit card bill in full and not incur any interest charges, is:
Options
- AGrace period
- BBase period
- CTerm of credit
- DCash in advance
How the community answered
(36 responses)- A78% (28)
- B6% (2)
- C14% (5)
- D3% (1)
Topics
#grace period#credit card terms#interest charges#billing cycle
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