Which of the Following Is Not a Method by Which

question 44

Multiple Choice

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

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Definitions:

Grand Larceny

A serious theft crime involving the unlawful taking of property or money over a certain value, as defined by law.

Prostitution

The practice of participating in sexual acts in exchange for money.

Actus Reus

Actus Reus refers to the physical act of committing a crime, as opposed to the mental intent to commit the act.

Mens Rea

A legal principle referring to the intent or knowledge of wrongdoing that constitutes part of a crime, as opposed to the action or conduct of the accused.