The Most Expensive Method for Determining Finance Charges on Revolving

question 54

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

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Definitions:

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, where an association is made between a behavior and a consequence for that behavior.

Token Economy

A behavioral modification technique based on the systematic reinforcement of target behavior. The reinforcements are tokens that can be exchanged for other reinforcements.

Token Economy

A behavior modification system used to encourage a desired behavior through the use of tokens that can be exchanged for various rewards.

Psychiatric Institution

A medical facility specializing in the diagnosis, treatment, and care of individuals with mental illnesses.