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The Schumer box is a table that appears in credit card agreements. What specific information is required to be displayed in the Schumer box? Choose 1 answer: A rewards and points program B minimum credit score needed to qualify for the credit card C ) APR,annual fees, late fees , grace period,

Question

The Schumer box is a table that appears in
credit card agreements.
What specific information is required to be
displayed in the Schumer box?
Choose 1 answer:
A rewards and points program
B minimum credit score needed to qualify
for the credit card
C ) APR,annual fees, late fees , grace period,

The Schumer box is a table that appears in credit card agreements. What specific information is required to be displayed in the Schumer box? Choose 1 answer: A rewards and points program B minimum credit score needed to qualify for the credit card C ) APR,annual fees, late fees , grace period,

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MonroeElite · Tutor for 8 years

Answer

### (c) APR, annual fees, late fees, grace period, and other penalties or fees

Explain

## Step1: Identify the purpose of the Schumer box<br />### The Schumer box is intended to provide clear and concise details about the cost of using a credit card.<br />## Step2: Determine the required information for disclosure<br />### The Schumer box typically includes the APR (Annual Percentage Rate), annual fees, late fees, grace period, and other penalties or fees.<br />## Step3: Choose the correct option<br />### Among the given options, option (c) most accurately reflects the required disclosures.
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