Answer:
The given statement is TRUE.
Step-by-step explanation:
Taking advantage of a credit discount is one way to reduce interest charges is true.
Few companies lure its customers by giving payment discount or credit discount options. These options motivate the card users to pay sooner. When the people pay sooner, it is for sure that they will have reduced interest charges as interest amount is based on the total amount due. The more the debt, the more interest on it.
