What is the term use to describe the dollar amount of periodic interest charge by financial institution on credit account? 1) period rate. 2) cash advance. 3) finance charge. 4)late payment penalty

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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.

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Asked 10/16/2010 11:09:26 PM

Updated 3/6/2018 12:35:04 PM

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Edited by Masamune [3/6/2018 12:35:04 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 3/6/2018 12:23:16 PM

This answer has been confirmed as correct and helpful.

Confirmed by Masamune [3/6/2018 12:34:49 PM]

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