INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-The most expensive method of determining finance charges on revolving credit would be [two cycle ADB w/purchases | ADB excluding purchases].
A)for the first item
B)for the second item
C)if neither item will correctly complete the statement.

Question

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-The most expensive method of determining finance charges on revolving credit would be [two cycle ADB w/purchases | ADB excluding purchases].
A)for the first item
B)for the second item
C)if neither item will correctly complete the statement.

Quizplus · Accepted Answer

The two-cycle average daily balance (ADB) method with purchases is typically more expensive because it considers the balance from the previous billing cycle, potentially leading to higher finance charges.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which