As home prices have fallen in recent year, the rent ratio a. has increased and r

Question

As home prices have fallen in recent year, the rent ratio

a. has increased and rent affordability has increased

b. has decreased and rent affordability has decreased

c.has increased and rent affordability has decreased

has decreased and rent affordability has increased

For a person who sometimes pays his entire credit balance and sometimes pays the minimum payment, which calculation method would be the least expensive? '

a. average daily balance including new purchases

b. average daily balance excluding new purchases

c. two-cycle average daily balance including new purchases

d. two-cycle average daily balance excluding new purchases

e. both b and d would produce the same, low finance charge

Explanation / Answer

As home prices have fallen in recent year, the rent ratio

has decreased and rent affordability has decreased.

For a person who sometimes pays his entire credit balance and sometimes pays the minimum payment, which calculation method would be the least expensive? '

two-cycle average daily balance including new purchases

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