Which of the following sources of short-term debt is characterized by revolving credit terms?
A) unsecured loan
B) secured loan
C) trade credit
D) credit card
E) commercial paper

Question

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A)Credit cards have revolving credit terms with no fixed repayment date. They create a short-term loan every time the cardholder makes purchases or gets a cash advance.
B)Credit cards have revolving credit terms with no fixed repayment date. They create a short-term loan every time the cardholder makes purchases or gets a cash advance.
C)Credit cards have revolving credit terms with no fixed repayment date. They create a short-term loan every time the cardholder makes purchases or gets a cash advance.
D)Credit cards have revolving credit terms with no fixed repayment date. They create a short-term loan every time the cardholder makes purchases or gets a cash advance.
E)Credit cards have revolving credit terms with no fixed repayment date. They create a short-term loan every time the cardholder makes purchases or gets a cash advance.

Which of the Following Sources of Short-Term Debt Is Characterized