Which of the following financing methods provides a float period?
A)installment loan
B)lump-sum loan
C)credit card
D)home equity line of credit
E)a loan from a relative

Question

Quizplus · Accepted Answer

Credit cards provide a float period, which is the time between when a purchase is made and when the payment is actually due, allowing the user to borrow money without interest if the balance is paid in full by the due date.

Which of the Following Financing Methods Provides a Float Period