American Bankers Association Exam CTFA Topic 3 Question 40 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 40
Topic #: 3

[All CTFA Questions]

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

AMonthly membership fees

BMinimum payment

COutstanding balance

DBalancing act

Show Suggested Answer

Suggested Answer: B

by Adell at Dec 09, 2022, 08:02 AM

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16 days ago

I agree, it's important to pay both the outstanding balance and the minimum payment to avoid extra charges.

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17 days ago

I believe it's a combination of the outstanding balance and the minimum payment.

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19 days ago

I think the total amount includes the outstanding balance.

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