## Related questions with answers

Question

What is the amount of money you still owe to their credit card company called?

A. credit card interest

B. credit card balance

C. credit card limit

D. credit card fee

Solution

VerifiedAnswer: B

The amount of money you still owe to the credit company is called the credit card balance.

A is incorrect because the interest is only part of your obligation C is incorrect because the limit represents the maximum amount on which you can use your credit card. In other words, it is the maximum balance or obligation allowable on your credit card. This is different to the amount you actually owe. D is incorrect because the fee is only part of your obligation

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