Which of the following is not an example of revolving credit?
A)a line of credit.
B)a credit card loan.
C)overdraft protection.
D)charge cards.
E)automobile loans.

Question

Quizplus · Accepted Answer

Revolving credit refers to credit that can be used repeatedly up to a certain limit, such as a credit card or line of credit. Automobile loans are installment loans, which are not considered revolving credit as the loan is paid off in fixed payments over a set time period. Therefore, the correct answer is E.

Which of the Following Is Not an Example of Revolving