The most common method used by lenders to apply finance charges to credit cards is the average daily balance including new purchases method.
Correct Answer:
Verified
Q42: For a fee,credit bureaus can provide credit
Q43: The proceeds of a home equity loan
Q44: Unsecured lines of credit are easy to
Q45: Unsecured lines of credit provide tax advantages
Q46: As a rule,the smaller the bank or
Q48: Prepaid cards are referred to as electronic
Q49: For someone with a good credit rating,lenders
Q50: Home equity loans are one of the
Q51: Debit cards look like credit cards,but they
Q52: Credit bureaus provide information about prospective borrowers.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents