Finance Charges on Two Credit Cards with the Same Stated

question 15

Multiple Choice

Finance charges on two credit cards with the same stated annual percentage rate:

• A) will always be the same.
• B) will be same as the rate calculated in the federal law.
• C) will be determined by the type of credit card used.
• D) will be determined by the method used to calculate balances.
• E) none of these

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Definitions:

Conserve

To protect from harm or destruction, especially regarding natural resources or the environment, through careful management.

Resource

Resources, items, or components utilized in creating products and offering services.

Poorly Defined

Referring to a concept, term, or condition that lacks clear explanation or boundaries, leading to ambiguity and misunderstanding.

Benefit From Conservation

The advantages gained from the responsible management and preservation of natural resources, including environmental sustainability and potential economic savings.