Which One of These Is the Fairest Method of Calculating

question 87

Multiple Choice

Which one of these is the fairest method of calculating finance charges on a credit card?

• A)Declining balance method
• B)Adjusted balance method
• C)Current balance method
• D)Average daily balance method
• E)Previous balance method

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Definitions:

Implementation

The process of putting a decision or plan into effect; execution.

Organizational Support

Pertains to the level of support and assistance provided by an organization to its members, including resources, emotional support, and acknowledgment.

Implementation

The process of putting a decision or plan into effect; executing or enacting.

Organizational Support

The help and resources provided by an organization to its members, enhancing their work experience and success.