If creditors give you no credit for payments made during the billing period, this is called the:

Question

A. APR method.

B. discount method.

C. previous balance method.

D. adjusted balance method.

My choice is A, but Im a little confused.

Answer 1

I don't think any of these answers is correct.

Answer 2

I don't either, but I have to pick one. Which one do you think would be the best answer?

Answer 3

You do not have to pick one. Tell your instructor that this question has an error. If your school and instructor are worth their money, they'll exempt this question -- or give you credit for any answer.

I see a lot of erroneous questions and answer choices from online for-profit schools.

Answer 4

Previous billing method

Answer 5

Previous balance method.