A Schumer box lists the main information about a credit card, such as its APR, grace period, and minimum payment.

What is meant by the term grace period?
Choose 1 answer:
Choose 1 answer:
(Choice A) It is the amount of time you have to dispute a transaction fee.
A
It is the amount of time you have to dispute a transaction fee.
(Choice B) It is the amount of time you have to pay your bill in full before you are charged interest.
B
It is the amount of time you have to pay your bill in full before you are charged interest.
(Choice C) It is the amount of time you have to pay your annual fee.
C
It is the amount of time you have to pay your annual fee.

(Choice B) It is the amount of time you have to pay your bill in full before you are charged interest.