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.

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Definitions:

Inferiority Feelings

Emotions characterized by a lack of self-worth or a perception of being less valuable or capable in comparison to others.

Later-Borns

Individuals born later in the birth order of a family, who may experience different developmental dynamics than firstborns.

More Obedient

Describes individuals or behaviors that show a greater compliance or submission to rules, laws, or authority figures.

Higher In IQ

Possessing an intelligence quotient that is above the average level.