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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. period rate B. finance charge C. cash advance D. late payment penalty
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Asked 8/27/2010 2:38:39 PM
Updated 9/2/2014 8:27:04 AM
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Flagged by debnjerry [9/2/2014 8:27:04 AM]
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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. period rate B. finance charge C. cash advance D. late payment penalty

Weegy: Periodic rate
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Question
Asked 8/27/2010 2:38:39 PM
Updated 9/2/2014 8:27:04 AM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by debnjerry [9/2/2014 8:27:04 AM]
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Finance charge is the dollar amount of periodic interest charged by financial institutions on credit accounts.
Added 9/2/2014 8:27:01 AM
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