If Creditors Add Finance Charges After Subtracting Payments Made During

question 39

Multiple Choice

If creditors add finance charges after subtracting payments made during the billing period, this is called the:

• A) APR method.
• B) discount method.
• C) previous balance method.
• D) adjusted balance method.
• E) average daily balance method.

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Definitions:

Bloc Québécois

A federal political party in Canada advocating for the interests of Quebecers and promoting Quebec sovereignty.

State-centred Theory

A political theory emphasizing the role of the state in the development and maintenance of political power and public policy.

Welfare State

A concept of government in which the state plays a key role in the protection and promotion of the economic and social well-being of its citizens, through policies and programs.

Economic Growth

An increase in the capacity of an economy to produce goods and services, compared from one period of time to another.