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Defective goods and services
Excessive use of credit
Fraudulent use of credit
Consumer fraud
Question 14. Question : (TCO 3) The following bankruptcy option
allows a debtor with a regular income to extinguish his or her debts
from future earnings over time.
Chapter 7
Chapter 11
Chapter 13
Chapter 15
Chapter 3
Question 15. Question : (TCO 3) Allison Smith starts the month with a
balance of $1,100 on her credit card. On the 10th day of the month,
she purchases $200 in clothes with her credit card. On the 15th day of
the month, she makes a payment on her credit card of $500. The
average daily balance for the month including the new purchase is
$883. The average daily balance for the month excluding the new
purchase is $750. Allison's interest rate is 1.5% for the month.
Allison's bank calculates the finance charge on the credit card by
using the adjusted balance method. What would Allison's finance
charges be for the month?