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2025-2026 GSP Mathematical Reasoning for Decision Making
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Question 22
22
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Question 22 • 2025-2026 GSP Mathematical Reasoning for Decision Making
Which of the following statements is not true of cash advances?
Answer
A
Credit card companies offer easy access to cash through ATM’s or checks that can be written to yourself and cashed.
B
Credit card companies apply payments to cash advance balances first because the interest is higher.
C
The APR of a cash advance is higher than that of regular credit card purchases.
D
Credit card companies place limits on the amount of cash you can receive through a cash advance.
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