Post Utme Rhema University 2018 Commerce Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2018 Commerce Objective / Multiple Choice
Question 38 POST_UTME_RHEMA_UNIVERSITY • 2018 • COMMERCE • objective

A bank offers a credit card with a 0% interest rate for the first 6 months. After the promotional period ends, the interest rate increases to 24.9% per annum. What type of interest rate is this?

Answer Options

A. Fixed interest rate
B. Variable interest rate
C. Promotional interest rate
Correct Answer D. Introductory interest rate
Correct Answer
D
Correct Option:
Introductory interest rate

About This Question

This is Post Utme Rhema University 2018 Commerce Question 38. It is one of the objective questions from the 2018 Post Utme Rhema University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support