Examlex
Which of the following statements is FALSE?
Finance Charges
Fees and interest charged on borrowed money, typically associated with loans, credit cards, and financed purchases.
Credit Card Company
A financial institution that issues credit cards, allowing cardholders to purchase goods and services on credit.
Installment Plan
A method of payment of a purchase or services over a period of time.
Finance Charge
A fee representing the cost of credit or the cost of borrowing, including interest and other associated expenses.
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