Reginald's credit card statement states that his balance is $550. What does the term balance mean? A. the yearly cost of owning the card B. the maximum amount that Reginald can carry on his card C. Reginald's total account debt as of the statement date

C. Reginald's total account debt as of the statement date.

Step-by-step explanation:

Given is:

Reginald's credit card statement states that his balance is $550.

Here the term balance means the amount owed to the bank by Reginald. He has to pay the bank $550.

Therefore, the correct answer is option C - Reginald's total account debt as of the statement date.

The answer is C. Reginals's total account debt as of the statement date. 100% sure