4
QuizMultiple Choice

The Cost of Credit — Quiz

Question 4 • Personal Finance

Which is a desirable characteristic to look for when choosing a credit card?

Answer
A
high interest rate
B
no grace period
C
no annual fee
D
low down payment

Explanation

A credit card with no annual fee avoids a recurring charge just for having the card, making it a desirable feature. A high interest rate and no grace period can increase borrowing costs, while a down payment is generally not a standard credit card feature.

AI-written and checked against the verified answer.

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