Estimate the answer by picking the best choice without calculating. The method of calculation disadvantageous both to the consumer and to the credit card company is the
A) previous balance method
B) adjusted balance method
C) average daily balance method
__________ (Enter A, B, or C )

Question

Quizplus · Accepted Answer

The average daily balance method is disadvantageous to both the consumer and the credit card company because it results in higher interest charges for the consumer and lower profits for the credit card company.

Estimate the Answer by Picking the Best Choice Without Calculating