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Exam 3

The maximum dollar amount that can be borrowed using the cash advance provision on a credit card is called the:

A. ceiling
B. interest rate
C. rate of return
D. emergency fund
E. finance charge



Answer :

GinnyAnswer

Final answer:

The ceiling on a credit card limits the maximum amount that can be borrowed using the cash advance provision.


Explanation:

The maximum dollar amount that can be borrowed using the cash advance provision on a credit card is known as the ceiling. This ceiling sets the limit on how much a person can borrow from their credit card as a cash advance.


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