What is Late Fee?

  1. It is the fee that will be charged if the customers don’t pay the Minimum due amount that was requested in the statement within the due date specified.

  2. It is the fee that will be charged if the customers don’t pay the Outstanding Balance that was requested in the statement within the due date specified.

  3. It is the fee that will be charged if the customers don’t pay the Outstanding Balance that was requested in the statement before the next Statement Day

  4. It is the fee that will be charged if the customers don’t pay the Minimum due amount that was requested in the statement before the next Statement Day


Correct Option: A

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