Question

The target maximum rate for debt ratio is _____. 30% 25% 50% 80%

Answer 1

Answer: The answer is 25%.

Step-by-step explanation: We are given to select the correct option for the target maximum rate for debt ratio.

If we want to open new credit card accounts, there is no industry standard for debt-to-credit ratios.

However, many financial advisers recommend to keep the ratio to 25 percent or less to receive the best card offers, including low-interest rates.

Therefore, the complete statement is

"The target maximum rate for debt ratio is 25%."

Thus, the correct option is (b) 25%.

Answer 2

25% is the suggested maximum rate that the experts and financial advisers recommend especially If you’re looking to open new credit card account.