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:

Small Retailers

Independent or local retail businesses that operate on a smaller scale compared to large chains, focusing on a specific market segment or community.