Question

The total cost of a cash advance is greater than the amount borrowed because the interest is accrued _____.

from the day money is borrowed and transaction fees are triggered

if the advance is not repaid before the grace period and penalty fees are triggered

from the day money is borrowed and membership fees are triggered

if the advance is not repaid before the grace period and transaction fees are triggered

Answer 1

The right answer for the question that is being asked and shown above is that: "if the advance is not repaid before the grace period and transaction fees are triggered." The total cost of a cash advance is greater than the amount borrowed because the interest is accrued if the advance is not repaid before the grace period and transaction fees are triggered