According to the article, why are interest rates on credit cards higher than interest rates on cars or homes?Choose one or more:A. People who use credit cards take more financial risks than people who buy cars or homes.ⒸB. Credit card issuers are londing money that is unsecured.C. Credit card debts are among the first written off when people file for bankruptcy.O D. Credit card debt typically is for a shorter time period than a loan for a car or home.

The primary reason why the interest rates on credit cards are higher than those on car loans or…

According to the article, why are interest rates on credit cards higher than interest rates on cars or homes? Choose one or more: DA People who use credit cards take more financial risks than people who buy cars or homes. OB. Credit card issuers are londing money that is unsecured. C. Credit card debts are among the first written off when people file for bankruptcy. OD. Credit card debt typically is for a shorter time period than a loan for a car or home.

According to the article, why are interest rates on credit cards higher than interest rates on cars or homes? Choose one or more: DA People who use credit cards take more financial risks than people who buy cars or homes. OB. Credit card issuers are londing money that is unsecured. C. Credit card debts are among the first written off when people file for bankruptcy. OD. Credit card debt typically is for a shorter time period than a loan for a car or home.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 6TP: When a customer is delinquent on paying a notes receivable, your company has the option to continue...

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