Multiple choice technology mainframe

What is a Statement?

  1. Statement includes the following details for a Calendar Month 1)All the transaction done by the customer for a Calendar Month 2)

  2. Statement includes the following details for that Cycle 1) All the transaction done by the customer for that Cycle 2)Late fees charged 3)Annual/Membership Fee charged 4)Interest charged 5) Minimum Due Amount 6)Payment Due Date 8)Current cycle date 9) Cur

  3. Statement includes the following details for the Previous Cycle 1)All the transaction done by the customer for the Previous Cycle 2)Late fees charged 3)Annual/Membership Fee charged4)Interest charged5)•

  4. Both B&C

  5. Minimum Due Amount 6)•Payment Due Date 7•Current cycle date 8)Current Due Amount 9)Past Due Amount 10) Payment details
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A credit card statement includes transactions for the billing cycle, fees (late, annual, membership), interest charged, minimum due amount, payment due date, current cycle dates, and current/past due amounts. Option B covers these comprehensively. Options A and C are incorrect (statements are for cycles, not calendar months). The claimed answer B is correct.

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