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11 March, 11:07

Summarize the effect of credit card interest on the real cost of items.

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  1. 11 March, 14:33
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    Answer with its Explanation:

    The result is that some of the credit cards pays interests on the cash surplus and charges interests on the cash deficit. If the interest rate is higher then the interest on the real cost of items that are finance with the negative balance will be charged interest on the higher interest rate because the interest rate is higher. If the interest rate is lower then the effect of credit card interest rate would be higher on the real cost of items.
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