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Author Question: Which method for calculating finance charges will result in lower finance charges if you pay your ... (Read 122 times)

DelorasTo

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Which method for calculating finance charges will result in lower finance charges if you pay your bill earlier in the billing cycle?
 A) adjusted balance method
  B) average daily balance method
  C) previous balance method
  D) none of the above

Question 2

Which of the following is the most common method for calculating finance charges on a credit card?
 A) adjusted balance method
  B) average daily balance method
  C) mean balance method
  D) previous balance method



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mceravolo

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Answer to Question 1

B

Answer to Question 2

B




DelorasTo

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)


essyface1

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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