Question

What is revolving credit? A. Credit when the borrower makes regular monthly payments B. Credit that requires payment in full on a specific date C. Credit that is paid all at once, in a single payment D. Credit that lets the borrower choose how much of the credit to use and when to pay it

Subject: Money Matters

Answer 1

Answer:D

Step-by-step explanation:

Revolving credit is a type of credit that can be used repeatedly up to a certain limit as long as the account is open and payments are made on time. With revolving credit, the amount of available credit, the balance, and the minimum payment can go up and down depending on the purchases and payments made to the account.