The Most Expensive Method for Determining Finance Charges on Revolving

question 43

Multiple Choice

The most expensive method for determining finance charges on revolving credit would be the:

• A)average daily balance (ADB)method including new purchases.
• B)average daily balance (ADB)method excluding new purchases.
• C)annual percentage rate (APR)method including new purchases.
• D)annual percentage rate (APR)method excluding new purchases.
• E)annual percentage rate (APR)method excluding new purchases for student cards.

---

Definitions:

Announcer's

Pertaining to individuals who present or deliver information to the public, especially in broadcasting contexts like radio or television.

Children's

Pertaining to children; often used to signify possession, association, or relation to children, as in "children's books" or "children's health."

Thursdays

The fifth day of the week, following Wednesday and preceding Friday.

Farmers'

Refers to anything pertaining to farmers or agriculture, often indicating possession, such as farmers' markets or farmers' cooperatives.