Examlex
Which of the following statements is correct?
Federal Direct Unsubsidized Loan
A type of federal student loan where the borrower is responsible for paying the interest that accumulates during all periods.
Capitalize Interest
The process of adding the interest accrued on a loan to the principal balance of that loan, effectively increasing the total amount owed.
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.
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