Question: A penalty rate is triggered when a . both a payment is more than 6 0 days late and a payment by check is returned

A penalty rate is triggered when
a. both a payment is more than 60 days late and a payment by check is returned for insufficient funds on accounts at that bank.
b. a payment is more than 60 days late.
c. market conditions result in a restriction of credit.
d. a payment by check is returned for insufficient funds

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