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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. Cash advance B. Late payment penalty C. Period rate D. Finance charge
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Asked 1/13/2013 7:29:22 PM
Updated 8/23/2015 6:11:43 PM
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Flagged by emdjay23 [8/23/2015 6:11:43 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. Cash advance B. Late payment penalty C. Period rate D. Finance charge

Weegy: it is known as the periodic rate
workaholicmom|Points 4684|

Question
Asked 1/13/2013 7:29:22 PM
Updated 8/23/2015 6:11:43 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by emdjay23 [8/23/2015 6:11:43 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 8/23/2015 6:11:42 PM
This answer has been confirmed as correct and helpful.
Confirmed by selymi [8/24/2015 4:32:40 AM]
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