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Which of the following credit card users is likely to pay the GREATEST dollar amount in finance charges per year, if they all charge the same amount per year on their cards?



A. Vera, who always pays off her credit card bill in full shortly after she receives it.
B. Jessica, who only pays the minimum amount each month.
C. Megan, who pays at least the minimum amount each month and more, when she has the money.
D. Erin, who generally pays off her credit card in full but occasionally, will pay the minimum when she is short of cash.

This question is part of FoolProof Financial Literacy Quiz

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foolproofteacher

Foolproofteacher

Answered on Nov 26, 2017

Jessica, who only pays the minimum amount each month.

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