What is the term used to describe the dollar amount of periodic interest charged by financial institutions on credit accounts?
A. Finance charge
B. Period rate
C. Late payment penalty
D. Cash advance
Finance Charge is the term used to describe the dollar amount of periodic interest charged by financial institutions on credit accounts.
Question
Asked 10/16/2010 7:07:38 PM
Updated 3/1/2017 5:34:38 PM
0 Answers/Comments
This answer has been confirmed as correct and helpful.
Edited by
Andrew. [3/1/2017 5:34:37 PM], Confirmed by
Andrew. [3/1/2017 5:34:38 PM]
Rating
There are no new answers.