If you buy a pair of jackets and charge it to your MasterCard account,secured credit has been extended to you.

Name: If you buy a pair of jackets and charge it to your MasterCard account,secured credit has been extended to you.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Secured credit requires collateral, such as a deposit, to back the credit line, whereas a MasterCard account typically offers unsecured credit, which does not require collateral.

If You Buy a Pair of Jackets and Charge It