FA Credit Adviser Practice Questions - Financial Academy Credit Adviser Professional Exam (CAPE) (Saudi Arabia) Exam

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Under SAMA Regulations for Issuance and Operations of Credit and Charge Cards, what is the minimum monthly repayment a card issuer may require?

Not below 5% of the outstanding balance Below 3% of the outstanding balance A flat SAR 100 regardless of balance 10% of the credit limit

Correct Answer:

Not below 5% of the outstanding balance

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