ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The maximum amount you are allowed to carry as a balance on the card
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interest
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ARP
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credit limit
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all of these
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Explanation:
Detailed explanation-1: -Credit Limit is the maximum amount that you can spend using your credit card at any given time. The limit is set by the credit card provider. You should aim to spend about 30% of the credit limit and never go beyond the assigned limit. This will ensure you get a good credit score.
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