For a person who uses his credit card very frequently,which calculation method would produce more interest income?
A) Average daily balance including new purchases
B) Average daily balance excluding new purchases
C) Two-cycle average daily balance including new purchases
D) Two-cycle average daily balance excluding new purchases
E) Both b and d would produce the same,low finance charge

Question

Quizplus · Accepted Answer

The Answer of For a person who uses his credit card very frequently,which calculation method would produce more interest income?
A) Average daily balance including new purchases
B) Average daily balance excluding new purchases
C) Two-cycle average daily balance including new purchases
D) Two-cycle average daily balance excluding new purchases
E) Both b and d would produce the same,low finance charge

For a Person Who Uses His Credit Card Very Frequently,which