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True or False? A Mastercard credit card is an example of an open-end credit account.
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17 votes
17 votes
True or False? A Mastercard credit card is an example of an open-end credit account.

User Steve E
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2 Answers

22 votes
22 votes
It is true because you’re allowed to take a thing on credit.
User Randel
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24 votes
24 votes

Answer:

True

Step-by-step explanation:

Using a credit card issued by a store, a bank card such as VISA or Mastercard, or overdraft protection are examples of open-end credit.Unless you pay off the debt in full each month, you will have to pay a high-rate of interest or other kinds of finance charges for the use of credit.

User Dmytro Nesteriuk
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