question 9 of 10\nwhat statement is correct about grace periods?\nyou are charged interest during the grace…

question 9 of 10\nwhat statement is correct about grace periods?\nyou are charged interest during the grace period.\na short grace period is better for the borrower.\nevery credit card has a grace period.\na grace period is the time between making a purchase and when the company begins charging you interest.

question 9 of 10\nwhat statement is correct about grace periods?\nyou are charged interest during the grace period.\na short grace period is better for the borrower.\nevery credit card has a grace period.\na grace period is the time between making a purchase and when the company begins charging you interest.

Answer

Brief Explanations:

A grace - period is a time frame where a borrower can avoid interest charges after a purchase. Interest is not charged during this period. Longer grace - periods are generally better for borrowers, and not all credit cards have grace - periods.

Answer:

D. A grace period is the time between making a purchase and when the company begins charging you interest.