What is the term used to describe the dollar amount of periodic interest charged by financial institutions on credit accounts? A. Late payment penalty B. Cash advance C. Finance charge D. Period rate

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Asked 11/26/2010 11:57:20 AM

Updated 3/30/2016 2:03:50 PM

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User: What is the term used to describe the dollar amount of periodic interest charged by financial institutions on credit accounts? A. Late payment penalty B. Cash advance C. Finance charge D. Period rate

Weegy: Periodic rate
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Question

Asked 11/26/2010 11:57:20 AM

Updated 3/30/2016 2:03:50 PM

1 Answer/Comment

This conversation has been flagged as incorrect.

Flagged by emdjay23 [3/30/2016 2:03:50 PM]

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Finance charge is the term used to describe the dollar amount of periodic interest charged by financial institutions on credit accounts.

Added 3/30/2016 2:03:48 PM

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Confirmed by Andrew. [3/30/2016 10:21:27 PM]

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