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Author Question: Which method for calculating finance charges will result in lower finance charges if you pay your ... (Read 121 times)

DelorasTo

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  • Posts: 548
on: Jun 24, 2018
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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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

B


DelorasTo

  • Member
  • Posts: 548
Reply 2 on: Jun 24, 2018
Excellent

raenoj

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  • Posts: 340
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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