Thursday, December 8, 2011

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

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





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the yearly cost of owning the card


the maximum amount that Reginald can carry on his card


Reginald's total account debt as of the statement date|||Why didn't you pay attention in class?





Ask your mom. I bet she has a credit card with a balance. LOL|||you're kidding, right? - what do you think it means?

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