Research has determined that undergraduate college students tend to behave in similar manners with regards to their credit card usage. As noted in Chapter 6, which of the following behaviors are indicative of undergraduate students' credit card behaviors?
A. They pay off all of their cards in full each month.
B. Their parents do not frequently pay their credit card balances for them.
C. They make more than their minimum payment each month but still tend to carry a balance on their cards.
D. They make more than the required minimum payment on 90% of all other cards each month.

Question

16-03-2020
Business

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Research has determined that undergraduate college students tend to behave in similar manners with regards to their credit card usage. As noted in Chapter 6, which of the following behaviors are indicative of undergraduate students' credit card behaviors?
A. They pay off all of their cards in full each month.
B. Their parents do not frequently pay their credit card balances for them.
C. They make more than their minimum payment each month but still tend to carry a balance on their cards.
D. They make more than the required minimum payment on 90% of all other cards each month.

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monica789412 monica789412 · Answer 1 · 2020-03-22T12:38:15+01:00

The following behaviors are indicative of undergraduate students' credit card behaviors(C) They make more than their minimum payment each month but still tend to carry a balance on their cards.

Explanation:

Credit cards:Credit Cards can be defined as a type of Plastic money that gives a person excess money .It increases the spending power of a person .A credit card usually have a cycle of 50 days.

A person while using credit card should act in a responsible way:-

Should plan his expenses well in advance-and should save extra money in order to pay the credit card dues by the end of the month.
Should curb his unwanted intention /unwanted spending
Should use it only when he has unforeseen expenses to make

The following behaviors are indicative of undergraduate students' credit card behaviors(C) They make more than their minimum payment each month but still tend to carry a balance on their cards.