The amount of interest one pays to open credit depends_______ on the method the lender uses to calculate the balances on which they apply finance charges.

The correct answer is A. Partly. See the full explanation below for the reasoning.

Fiduciary and Trust Activities

Question

Options

APartly
BFully
CQuarterly
DNone of these

How the community answered

(43 responses)

A
84% (36)
B
2% (1)
C
9% (4)
D
5% (2)

Topics

#credit cards#finance charges#balance calculation#interest calculation

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