a good example of an open-end credit is

Revolving open-end credit is a type of consumer credit typically found in most credit cards. The total dollar amount you pay to use credit is the.

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The use of a bank credit card to make a purchase.

. A good example of an open-end credit is A the use of a bank credit card to make a purchase. Automobile loan from a credit union. Store cards bank credit cards.

A secured open-end loan is a line of credit thats secured by or attached to a piece of collateral. Obtaining closed end credit mainly requires a good credit rating. 173 A good example of an open-end credit is.

A mortgage is an example of closed-end credit. An automobile loan b. To better understand open-end credit it helps to know what closed-end credit means.

Chapter 006 Introduction to Consumer Credit 77. In connection with credit secured by the consumers dwelling that does not meet the definition in section. A mortgage loan d.

The use of a bank credit card to make a purchase. C automobile loan from a credit union. The use of a bank credit card to make a purchase.

An example of open-end credit is an a credit card charge. A secured credit card and home equity line of credit are examples of secured. Credit cards refer to a card issued by a financial institution which allows a.

Any sort of loan that allows you to make several withdrawals and repayments is known as open-end credit. Open end loan can be borrowed multiple. Installment loan from a furniture storeE.

A good example of an open-end credit is A the use of a bank credit card to make a purchase. Hots Higher Order Thinking Skills In The Art Room The Art Of Education University. A good example of an open-end credit is.

With a closed-end loan you borrow a specific amount of money for a set period of. C automobile loan from a credit union. C automobile loan from a credit union.

A good example of an open-end credit isA. Installment loan for purchasing a major appliance. Closed end credit can help borrowers purchase expensive items like a.

Closed-end credit is a loan or type of credit where the funds are dispersed in full when the loan closes and must be paid back including interest and finance charges by a. Week 2 Quiz Which of the following is an example of open-end credit. A direct loan for.

Open-end credit and Closed-end credit. B the mortgage loan from a savings and loan institution. The mortgage loan from a savings.

Revolving Open-End Credit. Installment loan from a furniture store. Open-end credit is not restricted to a specific.

B the mortgage loan from a savings and loan institution. View Test Prep - Open End Credit examples from MATH 140 at Colorado Technical University. A installment loan from a furniture store.

Examples of open-end credit. Open End Credit This is a type of credit loan paid on installments in which the total amount. Finance questions and answers.

This means that you are given a credit limit by. A department store credit card c. It is also one of the best ways to build a good score.

One of the reasons why an open-end credit is preferred is that it makes money available to borrowers if and when it is needed. Advantages of Open Credit. Open-end credit cards are the most common type of credit card and are issued by most major credit card companies.

A good example of an open-end credit is. Automobile loan from a credit union. The mortgage loan from a savings and loan institutionC.

Some examples of open-end credit cards include Visa MasterCard. A good example of an open-end credit is. Linking a credit card with a business offering rebates on products and services.

A the use of a bank credit card to make a purchase. Installment loan for purchasing a major appliance. A mortgage loan from a savings and loan institution.

Closed-end credit includes debt instruments that are acquired for a particular purpose and a set amount of time. B the mortgage loan from a savings and loan institution. B Prohibited acts or practices for dwelling-secured loans.

Credit cards are the most common form of open-end credit.

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