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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. Finance charge C. Late payment penalty D. Period rate
Finance charge is the term used to describe the dollar amount of periodic interest charged by financial institutions on credit accounts.
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Asked 1/23/2011 8:28:54 PM
Updated 11/8/2015 6:54:52 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 11/8/2015 6:54:52 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [11/9/2015 4:10:00 AM]
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