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Posted by on Wednesday, September 26, 2012 at 5:40pm.

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

A. APR method.

B. discount method.

C. previous balance method.

D. adjusted balance method.

My choice is A, but Im a little confused.

  • business - , Wednesday, September 26, 2012 at 5:49pm

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

  • business - , Wednesday, September 26, 2012 at 5:56pm

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

  • business - , Wednesday, September 26, 2012 at 5:58pm

    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.

  • business - , Monday, July 20, 2015 at 11:34pm

    Previous billing method

  • business - , Monday, May 16, 2016 at 4:24pm

    Previous balance method.

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