Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Get detailed answers to your questions from a community of experts dedicated to providing accurate information. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.
Sagot :
Options:
a. Balance Transfers
b. Cash Advances
c. Payments
d. Interest Charges
Answer:
c. Payments
Step-by-step explanation:
Of all the given options, only (c) Payments decreases amount owed.
(a) Balance transfer means one is taking out cash from the account (i.e. a debit transaction); (b) Cash advances implies a withdrawal transaction from one's account and (c) Interest charges is the amount of interest deducted from an account over a debt for a given period.
As analysed , each of the above transactions increases debts.
However, (c) Payments implies a credit transaction and as such, reduces the amount owed.
The only transaction type among the given ones that helps to decrease how much you owe the credit card company is;
Option C; Payments
The missing options are;
A) Balance Transfers
B) Cash Advances
C) Payments
D) Interest Charged
We want to find out which of the transactions among the given options would lead to a decrease in the amount you owe the credit card company.
Let's analyze the options;
Option A; Balance transfer means when a customer wants to move the amount he/she owns to a credit card that has lower interest rates. This does not reduce the debts as the debts are still there just that you have moved the funds to another credit card.
Option B; Cash advances are typically short term loans offered the credit card company. Thus, it only increases your debt.
Option C; Payments in this case means paying outstanding debts with the credit card holder. Thus, it helps to decrease how much you owe the credit card company.
Option D; Interest charges are usually the amount issued by the credit card holder for debts accrued over a given period of time.
Looking at the options, the only one that helps to decrease how much you owe the credit card company is Option C.
Read more at; https://brainly.com/question/15125280
Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.
