Which item below is not used to determine interest on a consumer loan?
A) Simple interest
B) Discount method
C) Accelerated basis
D) Add-on method
Correct Answer:
Verified
Q26: "Credit blocking" is the industry term for
A)illegally
Q27: You have an average outstanding balance on
Q28: Comparing a credit card with a debit
Q29: Page Litton likes to use her credit
Q30: A grace period on revolving charge accounts
A)is
Q32: A "chargeback" occurs when
A)a credit card holder
Q33: Under the two-cycle average daily balance method
Q34: Refer to the information above.Under the average
Q35: The Truth in Lending Act (TILA)requires creditors
A)to
Q36: With a debit card,
A)you can charge payments
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