Final answer:
Revolving credit is the type of credit that involves using a major credit card to buy a pair of shoes and then paying off the total amount of the credit card balance each month.
Step-by-step explanation:
The type of credit that involves using a major credit card to buy a pair of shoes and paying off the total amount of the credit card balance each month is revolving credit.
Revolving credit allows you to borrow up to a certain credit limit and make payments on your purchases over time. Each month, you have the option to pay off the full balance or make a minimum payment and carry the remaining balance to the next month.
In this case, by paying off the total amount of the credit card balance each month, you are avoiding interest charges while maintaining the convenience of using a credit card.