If Creditors Add Finance Charges After Subtracting Payments Made During

question 53

Multiple Choice

If creditors add finance charges after subtracting payments made during the billing period,then this is called the:

• A)APR method.
• B)discount method.
• C)previous balance method.
• D)adjusted balance method.
• E)average daily balance method.

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Definitions:

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A term used to describe people in the United States who are descendants of individuals from Spanish-speaking countries, particularly from Latin America and Spain.

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The use of influence, persuasion, or coercion by individuals or groups to effect political change or policy outcomes.

Government Policy

The plans and actions taken by a government to achieve particular objectives, which can encompass a wide range of issues including economic, social, and foreign policy.