Match the term with its definition.
-A line of credit that requires a down payment, with the balance paid over a specified period of time
A)consumer credit
B)credit
C)credit bureaus
D)credit card
E)installment account
F)open charge account
G)revolving charge account
H)trade credit
I)trade-credit agencies
J)value

Question

Quizplus · Accepted Answer

An installment account is a type of credit where the borrower is required to make a down payment and then pay off the balance over a specified period of time, often in monthly installments. This matches the definition provided.

Match the Term with Its Definition