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Open credit in a revolving charge plan results in

2 Answers

4 votes
As many charge purchases up until credit limit is reached
User Hamix
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4 votes

Answer:

The correct answer is: as many charged purchases until credit limit is reached.

Step-by-step explanation:

A revolving line of credit is an arrangement between an individual and a bank to borrow money on a short-term basis to meet temporary cash shortfalls. Banks that issue a revolving line of credit usually charge an initiation fee to start the loan and set a maximum for the amount borrow which is typically the customer's credit limit.

User Imm
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