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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
Question
Asked 11/26/2010 11:57:20 AM
Updated 3/30/2016 2:03:50 PM
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Flagged by emdjay23 [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
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [3/30/2016 10:21:27 PM]
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