Question

Fannie Mae allows what amount of fees to be charged to a credit card?

A) Up to $500.
B) Up to $1,000.
C) Up to $2,500.
D) Up to $5,000.

Answer 1

Fannie Mae allows the amount of fees `Up to $500` to be charged to a credit card

The correct answer is A) Up to $500

Step-by-step explanation:

The explanation provided states that Fannie Mae, a government-sponsored enterprise, does not directly deal with credit cards and does not set specific limits on fees charged to credit cards. Therefore, the question is not applicable to Fannie Mae.

It is important to note that credit card companies typically have their own fee structures and may set limits on fees charged to credit cards. However, this question specifically refers to Fannie Mae, and according to the explanation provided, they do not set specific limits on credit card fees.

The correct answer is A) Up to $500