The "Average Daily Balance Method excluding current transactions" method of computing finance charges results in the highest finance charges.

Question

Quizplus · Accepted Answer

The "Average Daily Balance Method excluding current transactions" does not necessarily result in the highest finance charges compared to other methods, such as the "Daily Balance Method" or "Two-Cycle Average Daily Balance Method," which can result in higher charges depending on the account's activity and the timing of payments and charges.

The "Average Daily Balance Method Excluding Current Transactions" Method of Computing