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American Bankers Association CTFA Exam - Topic 3 Question 40 Discussion

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

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

Suggested Answer: B

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31 comments · newest first
BR
Brent 11 months ago
Not sure about that, sounds a bit off to me.
YO
Yolande 11 months ago
Monthly membership fees are just a part of it.
BO
Boris 12 months ago
Wait, balancing act? What does that even mean?
JE
Jess 12 months ago
I think it's the minimum payment, honestly.
NE
Nelida 12 months ago
It's definitely the outstanding balance that matters.
AV
Avery 1 year ago
I feel like the minimum payment is definitely part of the total, but I’m torn between that and the outstanding balance.
AL
Alonzo 1 year ago
I’m really unsure about this one. "Balancing act" sounds like it could be relevant, but it doesn’t seem like a payment type.
LE
Leonard 1 year ago
I remember a practice question where we had to calculate total payments, and I think it involved monthly fees too.
JE
Jeannetta 1 year ago
I think the total amount to pay might include the outstanding balance, but I'm not entirely sure if that’s the only factor.
AG
Agustin 1 year ago
This question seems straightforward, but I want to make sure I understand the details of MVPN and BGP Auto Discovery before answering.
WE
Weldon 1 year ago
I think the !DOCTYPE declaration issue could be the reason it doesn't validate. We discussed that in class.
GE
Gerry 1 year ago
I remember practicing a similar question where they discussed integrating data. I think option B sounds familiar since it mentions a central interface engine.
PE
Pearly 1 year ago
I'm pretty sure the Scenario-based design method includes discovery, evaluation, and prototype, but I'll double-check my notes to be sure.
CL
Clay 1 year ago
Okay, I think I can narrow this down. Stealth addresses and confidential transactions both use public key crypto, so those are out. Between ring sigs and zero-knowledge proofs, I'm guessing zero-knowledge is the answer since it has different underlying principles.
JE
Jeannetta 1 year 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.
TO
Toi 1 year ago
↳ replying to Jeannetta
C) Outstanding balance
NA
Nada 1 year ago
↳ replying to Jeannetta
A) Monthly membership fees
IL
Ilene 1 year ago
↳ replying to Jeannetta
B) Minimum payment
DA
Daron 1 year ago
↳ replying to Jeannetta
C) Outstanding balance
FR
Francoise 1 year ago
B) Minimum payment would be my guess, but I'm not 100% sure. I better review my notes on credit card billing terminology.
HO
Horace 1 year ago
D) Balancing act? Seriously? That's got to be a joke answer, right? This exam is no laughing matter!
KI
Kizzy 1 year ago
↳ replying to Horace
C) Outstanding balance
ER
Ernest 1 year ago
↳ replying to Horace
B) Minimum payment
GA
Galen 1 year ago
↳ replying to Horace
A) Monthly membership fees
RO
Rosio 1 year 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.
SO
Soledad 1 year ago
↳ replying to Rosio
User 3: Yes, it includes all the charges that haven't been paid yet.
RA
Raylene 1 year ago
↳ replying to Rosio
User 2: I agree, that's the total amount due on a billing.
HO
Howard 1 year ago
↳ replying to Rosio
User 1: I think the correct answer is C) Outstanding balance.
MA
Marla 2 years ago
I agree, it's important to pay both the outstanding balance and the minimum payment to avoid extra charges.
WI
Winfred 2 years ago
I believe it's a combination of the outstanding balance and the minimum payment.
MA
Marla 2 years ago
I think the total amount includes the outstanding balance.
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