Of the three methods by which finance charges may be calculated on outstanding credit card balances, the least favorable to the cardholder is the ________ balance method.
Correct Answer:
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Q68: The annual percentage rate (APR) is useful
Q69: APR means
A) actual percentage rate.
B) applied percentage
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Q71: The interest you pay when using credit
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Q74: Ben owes $3500 on his credit card
Q75: Finance charges apply only to balances that
Q76: If you find yourself with an excessive
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Q78: On a credit card, a finance charge
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