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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:

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Suggested Answer: B

Contribute your Thoughts:

Jeannetta
1 months ago
A) Monthly membership fees? Hmm, I'm not sure if that's the right interpretation of the question. I'll have to think this one through carefully.
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Daron
4 days ago
C) Outstanding balance
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Francoise
1 months ago
B) Minimum payment would be my guess, but I'm not 100% sure. I better review my notes on credit card billing terminology.
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Horace
1 months ago
D) Balancing act? Seriously? That's got to be a joke answer, right? This exam is no laughing matter!
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Ernest
8 days ago
B) Minimum payment
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Galen
16 days ago
A) Monthly membership fees
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Rosio
2 months ago
I think the correct answer is C) Outstanding balance. That makes the most sense to me in terms of the total amount due on a billing.
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Soledad
6 days ago
User 3: Yes, it includes all the charges that haven't been paid yet.
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Raylene
10 days ago
User 2: I agree, that's the total amount due on a billing.
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Howard
20 days ago
User 1: I think the correct answer is C) Outstanding balance.
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Marla
2 months ago
I agree, it's important to pay both the outstanding balance and the minimum payment to avoid extra charges.
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Winfred
2 months ago
I believe it's a combination of the outstanding balance and the minimum payment.
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Marla
2 months ago
I think the total amount includes the outstanding balance.
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