As you will see from this agreement, there are different
A.P.R.s applied based on how
the credit card is used. Which transaction type has the highest A.P.R.?

a. A.P.R. triggered by a late payment

b. A.P.R. applied on Purchases made during the Introductory Period

c. A.P.R. applied to a Balance Transfer

d. A.P.R. applied to a Cash Advance

Respuesta :

Answer: A. A.P.R. triggered by a late payment.

Explanation:

It affects the rate of A.P.R the most.

The transaction type which has the highest A.P.R is the "A.P.R. triggered by late payment". A further explanation is below.

  • As nothing more than a consequence for delayed payment or transactions, the maximum percentage change ratio (APR) of involvement is typically applied.
  • The interest rate on direct deposits seems to be greater than that of the interest rate on initial transactions or settlement systems, but again not better or more than that of the interest rate on overdue installments or charges.

Thus the above response i.e., "option a" is appropriate.

Learn more A.P.R. here:

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