Question

select the correct answer from each drop-down menu
identify the characteristics of a revolving credit account.
myrna has a revolving credit account. she doesnt have to pay the entire balance listed in her credit card statement. she can choose to
drop - down instead. the credit card company will apply
drop - down on the portion of the
balance that she doesnt pay at the end of the billing cycle

Explanation:

For the first dropdown: In a revolving credit account, instead of paying the entire balance, the cardholder can choose to pay a minimum payment (a specified minimum amount of the balance). For the second dropdown: Credit card companies apply interest on the remaining (unpaid) balance at the end of the billing cycle. So the first blank should be "pay the minimum payment" and the second blank should be "interest".

Answer:

First dropdown: pay the minimum payment
Second dropdown: interest