Question

14
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
make the minimum payment due instead. the credit card company will apply on the portion of the
balance that she doesnt pay at the end of the billing cycle.
reset next
an annual fee
a finance charge
a late fee

Explanation:

In a revolving credit account, making the minimum payment is an option. Finance charges apply to unpaid balances. Annual fees are fixed yearly costs. Late fees are for missed payments. Here, since she pays part and leaves a balance, finance charge is correct.

Answer:

make the minimum payment due; a finance charge