Explain the difference between the unpaid balance and the average daily balance methods of calculating your credit card bill. Which method would best work to one's advantage when borrowing? Question content area bottom Part 1 Which of the following describes the difference between the unpaid balance and the average daily balance methods of calculating a credit card bill? A. Unpaid balance is used for closed-ended credit, while average daily balance is used for open-ended credit B. Average daily balance applies the finance charge to the balance every day, while unpaid balance applies the finance charge to the balance at the end of the previous month. C. Unpaid balance is based on last month's balance while average daily balance is based off of just new payments and purchases. D. Average daily balance applies the finance charge at the beginning of the month while unpaid balance applies it at the end of the month