Section 250

question 42

Multiple Choice

Section 250.4(A) explains that electrical systems are grounded to limit the voltage imposed by lightning, line surges, or unintentional contact with higher-voltage lines and to ________ the voltage to earth during normal operation.

• A) alter
• B) stop
• C) stabilize
• D) permit

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Definitions:

Finance Charges

The total cost of borrowing, including interest and any other charges assessed by the creditor.

APR

The Annual Percentage Rate, a measure used to calculate the cost of borrowing, including interest and other fees, shown as a yearly rate.

Payday Loan

A type of short-term borrowing where a lender provides high-interest credit based on a borrower's income and credit profile, typically to be repaid by the next payday.

Average Daily Balance

The average amount owed per day during a billing cycle.