an example of open-end credit is a(n) ____

Overdraft protection on checking accounts. A mortgage loan d.

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A good example of an open-end credit is A the use of a bank credit card to make a purchase.

. A department store credit card c. With a closed-end loan you borrow a specific amount of money for a set period of. To better understand open-end credit it helps to know what closed-end credit means.

Similar to a credit. Which of the following is an example of open-end credit. C automobile loan from a credit union.

A direct loan for personal purposes home improvements or vacation expenses is called. A Single lump sum of credit B An installment loan for purchasing furniture C A mortgage loan D A department store credit card E An automobile loan. A good example of an open-end credit isA.

An example of open-end credit is aautomobile loans binstallment sales credit cmortgage loans drevolving check credit 11. The 3 main types of credit are revolving credit installment and open credit. Automobile loan from a credit.

Type of open-end credit agreement. Which of the following is an example of a conventional mortgage. AAn automobile loan BA department store credit card CAn installment loan for purchasing furniture DA mortgage loan ESingle.

Finance questions and answers. Closed end credit has a set payment amount every monthThe government and. The mortgage loan from a savings and loan institutionC.

In the consumer market home equity loans are an example of an open-end credit which allows homeowners to access funds based on the level of equity in the homes. Credit enables people to purchase goods or services using borrowed money. Open-end credit is not restricted to a specific.

Secured and Unsecured Open-End Credit. An open-end mortgage is a type of home loan in which the total amount of the loan is not advanced all at once but rather used for future home-related. Credit cards are the most common form of open-end credit.

A department store credit card. Which of the following is an example of open-end credit. Pledged to a company as security for a loan repayment.

The use of a bank credit card to make a purchase. A ____ of credit is an example of an open-end credit. Open-end loans are categorized as either secured or unsecured.

Closed end credit is a loan for a stated amount that must be repaid in full by a certain date. With open-end credit the borrower pays back a onetime loan in a specified period of time and with a specified number of payments. Credit cards refer to a card issued by a financial institution which allows a.

Open-end credit is a preapproved loan between a financial institution and borrower that may be used repeatedly up to a certain limit and can subsequently be paid back. An example of open-end credit is. An example of open-end credit is.

Open-end credit is A. A loan given for a short period of time that is not dependent on credit history. Credit granted based on a signed credit agreement.

An automobile loan b. A loan or line of credit is unsecured when it. Open End Credit This is a type of credit loan paid on installments in which the total amount.

Which of the following is an example of open-end credit. B the mortgage loan from a savings and loan institution. B Prohibited acts or practices for dwelling-secured loans.

In connection with credit secured by the consumers dwelling that does not meet the definition in section. An open-end loan also sometimes referred to as open-end credit is a form of borrowing that can be used up to a certain limit before it must be repaid. Closed-end credit includes debt instruments that are acquired for a particular purpose and a set amount of time.

View Test Prep - Open End Credit examples from MATH 140 at Colorado Technical University. A department store credit. The borrower is able.

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