Free CTFA Exam Braindumps (page: 45)

Page 44 of 113

The total amount that you have to pay on a certain billing is:

  1. Monthly membership fees
  2. Minimum payment
  3. Outstanding balance
  4. Balancing act

Answer(s): C



is the term used for the monthly report of all the accumulated charges?

  1. Savings account
  2. Balance
  3. Purchase breakdown
  4. Billing statement

Answer(s): D



It occurs when you don't make full payment on your previous bill.

  1. Discount
  2. Reward points
  3. Finance charge
  4. Membership fee

Answer(s): C



The least amount of money that you should pay on or before your due date is called:

  1. Interest charge
  2. Minimum payment
  3. Total payment
  4. Monthly fee

Answer(s): B






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