Answer: False

The correct answer is False. According to Snowflake documentation and the community consensus (82% selected B with upvoted comments), reader accounts are created, owned, and managed by the provider account, which assumes all responsibility for credit charges incurred by users in the reader account. This includes compute costs associated with executing queries. While reader accounts enable data consumers to access shared data without being Snowflake customers, any compute resources used for querying result in additional costs for the data provider. The provider can manage these costs by setting up resource monitors for warehouses in reader accounts. The statement in the question is incorrect because reading shared data does incur compute costs that are charged to the provider.

Author: LeetQuiz Editorial Team