A customer must pay his/her full bill when it is due in a(n)________.
A) debit account
B) open credit account
C) revolving credit account
D) option credit account

Question

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An open credit account requires the customer to pay their full bill when it is due, as opposed to a revolving credit account which allows them to carry a balance and make minimum payments over time. A debit account is typically linked to a checking account and automatically deducts funds when purchases are made, while an option credit account allows for flexible payment options but may have higher interest rates.

A Customer Must Pay His/her Full Bill When It Is