Question

Credit card APRs are based APR

A. prime rate and standard APR

B. introductory APR and standard APR

C. prime rate and credit history
D. prime rate and introductory APR​

Answer 1

the answer is c

Step-by-step explanation:

just took the test on a pex

Answer 2

The correct answer is C

Step-by-step explanation:

Credit Card APR means that the credit card Annual Percent Rate, it is grounded APR on the prime rate which means the variable interest rate is the one which changes grounded on the another rate of interest. For example, APR on the credit card could be the prime rate plus 13%, this is the interest rate on the issuer credit card charges on top of the prime rate. And the APR also based on the credit history of the person.