30
QuizMultiple Choice

Credit, Interest, and Debt

Question 30 • Fall 24 GSE Physical Science B IC

Louisa makes a payment that completely pays off her credit card. What happens to her line of credit as a result?

Answer
A
Louisa receives her money back from the lender.
B
Louisa still has to pay off the interest on the loan.
C
The entire amount is available for Louisa to use again.
D
The lender takes the credit card back from Louisa.

Explanation

A credit card provides a revolving line of credit: as Louisa repays what she borrowed, that amount becomes available to borrow again. After she completely pays off the balance, the entire credit limit is available for her to use again. Paying off the card does not mean the lender returns money or takes the card back.

AI-written and checked against the verified answer.

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