The total cost of money to a consumer is called the:
A) annual percentage rate.
B) funding charge rate.
C) commercial charge.
D) service charge.
E) finance charge.

Name: The total cost of money to a consumer is called the: A) annual percentage rate. B) funding charge rate. C) commercial charge. D) service charge. E) finance charge.
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Question

Quizplus · Accepted Answer

The finance charge is the sum of all charges payable directly or indirectly by the debtor or someone else to the creditor as a condition of the extension of credit.

The Total Cost of Money to a Consumer Is Called