3 years ago

What is the difference between a service charge and a finance charge?

2 answers:

7 0

<span>b. A service charge is a flat fee charged to a borrower, while finance charge is a fee charged based on the amount borrowed.
Service charges are standard charges assessed to pay for business costs; finance charges vary depending on the amount borrowed.</span>

swat323 years ago

4 0

the correct answer is d....

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