Another name for open-end credit is:
A) revolving credit.
B) a box of credit.
C) convenience credit.
D) installment credit.
E) single lump-sum credit.

Question

Quizplus · Accepted Answer

Open-end credit, also known as revolving credit, is a type of credit that allows the borrower to repeatedly borrow up to a certain limit and pay back the debt over time. Other options listed, such as box of credit, convenience credit, installment credit, and single lump-sum credit, are not actual names for open-end credit.

Another Name for Open-End Credit Is