When items are bought on credit and paid for over a long period of time, the cost to the buyer is the same as if the items were bought with cash.
____ 19. If your payment for your full credit card is received by the lender before the due date, you will not owe any interest.
____ 20. Using a debit card for purchases is a convenient way to buy now and pay later.
____ 21. The maximum amount you can charge on a credit card is called the capacity.
____ 22. Under the Fair Debt Collection Act, creditors are allowed charge a new debt collection fee without informing the borrower notice.