Which of the Following Calculation Methods Would Produce More Interest

question 108

Multiple Choice

Which of the following calculation methods would produce more interest income for a person who uses his or her credit card very frequently?

• A)Average daily balance including new purchases
• B)Effective daily balance excluding new purchases
• C)Two-cycle average daily balance including new purchases
• D)Double declining average daily balance excluding new purchases
• E)Annual percentage rate method including new purchases

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Definitions:

Coping Processes

Strategies and mechanisms individuals use to manage and adapt to stress, challenges, or adversity.

Counterproductive

Having the opposite of the desired effect, often hindering or obstructing progress.

Meaning-focused Coping

Strategies that involve finding purpose or value in a stressful situation as a way to adapt and deal with the stress effectively.

Emotion-focused Coping

Strategies aimed at managing or regulating emotional responses to stressors rather than confronting the problems themselves.