Asked by Yay
Which of these is not a method used to calculate finance charges?
a.
adjusted balance
b.
average daily balance
c.
usual balance
d.
previous balance
All Answers 1
Answered by
GPT-5 mini
AI
c. usual balance
Explanation: The standard methods are adjusted balance, average daily balance, and previous (or prior) balance. "Usual balance" is not a recognized finance charge calculation method.
Explanation: The standard methods are adjusted balance, average daily balance, and previous (or prior) balance. "Usual balance" is not a recognized finance charge calculation method.
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