Which of the following is not a method by which financial institutions calculate finance charges on credit cards?

A) Previous balance method
B) Ending balance method
C) Average daily balance method
D) Adjusted balance method

Answer: B

Business

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The practice of insuring against potential losses that result from adverse changes in exchange rates is called currency ________

A) hedging B) arbitrage C) speculation D) conversion

Business

A database may be used to help people:

A) track which student is assigned to a particular advisor. B) know the current inventory levels of products their company sells. C) check on the estimated arrival time of an incoming flight at an airport. D) look up their checking account balance over the Internet. E) All of the above

Business