Which of the Following Methods of Calculating Finance Charges on Credit

question 51

Multiple Choice

Which of the following methods of calculating finance charges on credit cards is least favorable to the cardholder?

• A) Previous balance method
• B) Ending balance method
• C) Average daily balance method
• D) Adjusted balance method

---

Definitions:

Milgram Experiment

A series of social psychology experiments conducted by Stanley Milgram, measuring the willingness of study participants to obey an authority figure who instructed them to perform acts conflicting with their personal conscience.

Obedience

The act of following the directions, commands, or instructions from someone in authority.

Obedience Rates

The percentage or extent to which individuals comply with commands or requests from authoritative figures.

Voice-Feedback

The process of receiving auditory feedback from one's own voice, which can influence self-perception and behavior.