The Total Dollar Amount You Pay to Use Credit Is

question 12

Multiple Choice

The total dollar amount you pay to use credit is called the:

• A)finance charge.
• B)annual percentage rate.
• C)price of the good/service purchased.
• D)amortized rebate.
• E)interest ratE.

---

Definitions:

Cash

denotes money in the form of currency, including banknotes and coins, which is used to conduct transactions.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership interest of shareholders in the company.

Cash Dividend

A payment made by a company out of its earnings to shareholders, usually in the form of cash.

Stock Dividend

Stock that is distributed to stockholders instead of cash or other assets.