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Denny has a higher APR than torey. Which of the following statements provide the reason for this?

A. Denny's credit limit is higher than Torey's credit limit.

B. Denny's credit limit is higher than Torey's credit score.

C. Denny pays his credit card balance in full but Torrey only pays the minimum.

D. Denny stay's below his credit limit each month. but Torrey often goes above it.

Respuesta :

duniteknip

The correct answer is A. Denny's credit limit is higher than Torey's credit limit.

Explanation: APR stands for annual percentage rate. It is the interest rate that is paid on a credit card. Denny is most likely paying a higher interest rate than Toery because his credit limit is higher.  If Denny pays his credit card balance in full, or stays below his credit limit, he can lower his APR.

tillydj

Answer:

Denny's credit score is lower than Torrey's credit score.

Explanation:

This is the correct answer on the Connections Quiz :)

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