O-LevelCommerceCreditOct/Nov 2017Paper 1 Q331 Mark
Which statement about credit cards is not correct?
Acredit card allows you to spend up to the credit limit on your account.
BAPR is the annual rate of interest charged on a credit card.
CBalance transfers from another credit card company are free of interest.
DThe 16 digits shown on the front of the credit card is your account number.
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of credit within the Commercesyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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