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    Personal Finance Study Set 6
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    Exam 7: Choosing a Source of Credit: The Costs of Credit Alternatives
  5. Question
    The Total Dollar Amount You Pay to Use Credit Is
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The Total Dollar Amount You Pay to Use Credit Is

Question 12

Question 12

Multiple Choice

The total dollar amount you pay to use credit is called the:


A) finance charge.
B) annual percentage rate.
C) price of the good/service purchased.
D) amortized rebate.
E) interest ratE.

Correct Answer:

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