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2 October, 22:31

Reginald's credit card statement states that his balance is $550. What does the term balance mean?

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  1. 3 October, 00:53
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    The term "balance" mean is the total amount that you currently owe to the credit card company. Based on the statement above, therefore, Reginald owe's $550 from the credit card company and this is the total amount that he used in his expenses using the credit card.
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