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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Jeannetta

16 days 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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Francoise

22 days 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

23 days ago

D) Balancing act? Seriously? That's got to be a joke answer, right? This exam is no laughing matter!

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Rosio

28 days 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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Howard

3 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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