If Creditors Add Finance Charges After Subtracting Payments Made During

question 53

Multiple Choice

If creditors add finance charges after subtracting payments made during the billing period,then 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:

Verstehen

A german term used by Max Weber to denote the importance of understanding social action from the perspective of those engaged in it.

Sociological Imagination

The ability to see the relationship between individual experiences and the larger society, a concept coined by C. Wright Mills.

Montesquieu

A French political philosopher known for his theory of separation of powers, which has influenced many modern democratic governments.

Sociological Theory

A set of ideas that provides an explanation for human society and social behavior through understanding social structures, actions, and changes.