Question

According to the Federal Reserve, by the year 2007 about how much total consumer revolving debt existed on all credit cards in the United States?

a. nearly $10 billion
b. nearly $100 billion
c. nearly $500 billion
d. nearly $1 trillion

Answer 1

In 2007, the total consumer revolving debt on all credit cards in the United States was nearly $1 trillion.

Step-by-step explanation:

In the year 2007, the total consumer revolving debt on all credit cards in the United States was nearly $1 trillion.