According to the Bankcard Holders Association of America,about 95 percent of all bank card issuers use the adjusted balance method.

Question

Quizplus · Accepted Answer

The Bankcard Holders of America does not provide such a specific statistic, and the adjusted balance method is not the most commonly used method by all bank card issuers. The most prevalent methods for calculating interest on credit cards include the average daily balance method and the daily balance method, among others.

According to the Bankcard Holders Association of America,about 95 Percent