Register
Describe the difference between open‐end and closed‐end credit and provide an example of each
95.2k views
0 votes
Describe the difference between open‐end and closed‐end credit and provide an example of each

User Rossum
by
8.0k points

1 Answer

3 votes
credit, credit is extended in advance of any transaction so that the borrower does not need to repay each time credit is desired.
User Lapots
by
8.0k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
The government has decided that the free market price of cheese is too low. Farmers complain that the price floor has reduced their total revenue.Is this possible? Explain
Link Copied!