Question

26 multiple choice 1 point credit card companies generally provide time between when a customer is billed and the day that payment is due where no interest is charged on the balance owed. this is called interest-free promotion billing cycle grace period clear my selection

Explanation:

• Interest - Free Promotion: Usually refers to a special offer (e.g., for a new product or service) where no interest is charged, not the standard time between billing and payment due.
• Billing Cycle: The period of time (e.g., 30 days) during which transactions are recorded for a bill, not the time between billing and payment.
• Grace Period: The standard time (e.g., 21 - 25 days) that credit - card companies give customers to pay their balance without incurring interest after the billing date.

Answer:

Grace Period