Credit cards are usually based on ____ account system.
A) an open charge
B) an installment
C) a revolving
D) a selective

Question

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Credit cards are usually based on a revolving account system where the user can carry a balance from one month to the next and pay interest on that balance. An open charge system requires the full balance to be paid each month, and an installment system involves a fixed payment schedule over a set period of time. A selective system is not a commonly used term in regards to credit cards.

Credit Cards Are Usually Based on ____ Account System