Thirty-day or regular charge accounts require the customers to pay off the debt 20 to 30 days after the billing date with no interest expense.

Question

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This statement accurately describes the terms of a thirty-day or regular charge account. Customers have a specified period of time, usually between 20 and 30 days, to pay off their balance without incurring interest charges.

Thirty-Day or Regular Charge Accounts Require the Customers to Pay