changes in interest rates can create both good and bad results. how can a lower interest rate potentially…

changes in interest rates can create both good and bad results. how can a lower interest rate potentially affect credit card owners? choose 1 answer: a it can allow faster debt reduction. b it can add on to the existing debt. c it can lead to increased apr. d it can lead to bankruptcy.

changes in interest rates can create both good and bad results. how can a lower interest rate potentially affect credit card owners? choose 1 answer: a it can allow faster debt reduction. b it can add on to the existing debt. c it can lead to increased apr. d it can lead to bankruptcy.

Answer

Answer:

A. It can allow faster debt reduction.

Brief Explanations:

Lower interest rates mean less interest accrues on credit - card balances. With less interest added, more of the payment goes towards reducing the principal, enabling faster debt reduction.