In the context of credit cards, which of the following statements is true of the annual percentage rate (APR)?
A) The higher the APR, the greater the interest expense on unpaid balances.
B) All credit card companies charge the same APR for all transactions.
C) Credit card companies do not charge the APR on discounted products.
D) The lower the APR, the lower the cardholder's credit score.

Question

Quizplus · Accepted Answer

The APR represents the annual cost of borrowing on a credit card, expressed as a percentage. A higher APR means more interest will be charged on unpaid balances, increasing the total cost of borrowing.

In the Context of Credit Cards, Which of the Following