A revolving charge account would be typical for larger purchases; smaller purchases are typical on instalment accounts.

Name: A revolving charge account would be typical for larger purchases; smaller purchases are typical on instalment accounts.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is the opposite of the truth. Revolving charge accounts are often used for smaller purchases and instalment accounts are used for larger purchases with payments spread out over time.

A Revolving Charge Account Would Be Typical for Larger Purchases;