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Provide an example of a closed‐end credit account that Caroline has. (1 point)

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• One source of credit is retail stores, which are department stores (macy's, neiman marcus) that will give you a card that you can use only at that store
• Another source of credit is credit card companies like visa, mastercard, American express, and discover.
User Fuu
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1 vote
Hello user


Answer: A mortgage loan is an example of a closed-end credit.


Hope I helped
-Chris
User JamesJJ
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