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Regarding Benson's research, which of the following statements is/are TRUE?
Finance Charge
A fee representing the cost of credit, including interest and other charges, incurred on a sum borrowed or on credit transactions.
Net Balance
The amount remaining after all deductions have been made, often used in the context of financial accounts.
Billing Date
The billing date refers to the date on which a bill is generated, outlining the charges incurred by the customer.
Finance Charge
The total cost of borrowing, including interest and other charges, on a loan or on credit provided.
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