Mini$-$Case B: $(3$ marks for $\mathrm{.}5$ marks each$)$

Lino lives in Ontario and goes to the University of Toronto. He has been using his new student credit card BMO CashBack$$Mastercard$*$quite frequently. Even with a $$500$ credit limit$,$ he loves the cashback rewards he is accumulating. With his part$-$time job earning an annual income of $$12,000$ a year, he only makes minimum payments. Use the links below and your own research to help determine if the following statements are True or False. Highlight and Underline the correct response.

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a$)$ Cash advance $($using $365$ days$)$ is at the effective annual interest rate of $27\mathrm{.}10\%.$ True or False

b$)$ Cash advances have no $21-$day grace period, where interest is charged at the time of the cash advance. True or False

c$)$ If Lino goes over his credit limit of $$500,$ he will be charged a fee of $$35.$ True or False

d$)$ Lino used his credit card to buy a lottery ticket which is considered a cash$-$like transaction where interest is calculated using the cash advance rates. True or False

e$)$ Lino used his credit card to pay his cellphone bill, which is considered a cash$-$like transaction and is subject to interest charges at the cash advance rate. True or False

f$)$ If Lino misses his monthly minimum payment, all his transactions will be charged interest starting from the date of each purchase. True or False