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Credit card companies use negative balances to represent when the credit card company owes the customer money and positive balances to represent when the customer owes the credit card company money. Sneha has a balance of 0 dollars with her credit card company. What does a balance of 0 dollars represent? Choose 1 answer: (A) Sneha owes the credit card company money. (B) Neither Sneha nor the credit card company owes money. (C) The credit card company owes Sneha money.

Credit card companies use negative balances to represent when the credit card company owes the customer money and positive balances to represent when the customer owes the credit card company money.\newlineSneha has a balance of 00 dollars with her credit card company.\newlineWhat does a balance of 00 dollars represent?\newlineChoose 11 answer:\newline(A) Sneha owes the credit card company money.\newline(B) Neither Sneha nor the credit card company owes money.\newline(C) The credit card company owes Sneha money.

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Full solution

Q. Credit card companies use negative balances to represent when the credit card company owes the customer money and positive balances to represent when the customer owes the credit card company money.\newlineSneha has a balance of 00 dollars with her credit card company.\newlineWhat does a balance of 00 dollars represent?\newlineChoose 11 answer:\newline(A) Sneha owes the credit card company money.\newline(B) Neither Sneha nor the credit card company owes money.\newline(C) The credit card company owes Sneha money.
  1. Zero Balance Explanation: A balance of $\(0\) means that there is no outstanding debt or credit on the account. It indicates that Sneha does not owe the credit card company any money, and the credit card company does not owe Sneha any money.
  2. Neutral Balance Situation: Since the balance is neither negative nor positive, it represents a neutral or zero balance situation. Therefore, the correct answer to the question is that neither Sneha nor the credit card company owes money to each other.

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