Which One of These Methods Is the Fairest of Calculating

question 49

Multiple Choice

Which one of these methods is the fairest of calculating interest?

• A) Declining balance
• B) Adjusted balance
• C) Average daily balance excluding purchases
• D) Average daily including purchases method
• E) Previous balance method

---

Definitions:

Mentoring Programs

Programs encouraging members of disadvantaged groups (e.g., women) to work with a senior manager who acts like a friend and guide in achieving career success.

Labour Market Information

Data and analysis related to employment, wages, job expectations, and industry trends, guiding decision-making for job seekers and employers.

Authorization

The official permission or approval to do something, often granted by a person in authority.

Work Experience

The practical knowledge and skills gained from performing tasks and roles in various employment settings.