_____ are not a type of open account credit.
A) Retail charge cards
B) 30-day charge accounts
C) Student credit cards
D) Bank credit cards
E) Bank debit cards

Question

Quizplus · Accepted Answer

Bank debit cards are not a type of open account credit as they allow the user to make purchases only with the funds that have been deposited in their bank account. They do not extend credit to the user. On the other hand, retail charge cards, 30-day charge accounts, student credit cards, and bank credit cards are all examples of open account credit.

_____ Are Not a Type of Open Account Credit