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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 instead. the credit card company will apply on the portion of the cycle. make no payment make the minimum payment due close the account without having to pay the balance
In a revolving credit account, if the full balance isn't paid, the minimum payment due must be made. Failure to do so leads to penalties. Also, interest is charged on the remaining balance.
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make the minimum payment due, interest