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Busniess Math
Vocabulary Words
Question | Answer |
---|---|
Credit Card | A card that allows the cardholder to purchase good and services by persenting it. |
Charge Account | An existing line of credit, often at a particular business. |
Finance Charge | Intrest that is charged to a credit account holder that does not pay off balance fully. |
Unpaid-Balance Method | Computing the finance charge on a credit account based on the portion of the previous balance that has not been payed. |
Average-Daily-Balance Method | Computing the finance charge on a credit account based on the average at the end of each day of a billing period. |
Account Statement | A bank statement that shows all deposits,withdrawals,and intrest credited to an account. |