Question

Service credit entails which of the following characteristics?

O
Borrowing a specific amount of cash to repay later by a set date
O
An interest rate that is typically high because the balance is carried over each month
O Making regular payments to repay the amount owed by a set date
O
Variable payments based upon use (for example, electricity) or late/overuse fees (for example, a cellphone
plan)​

Answer 1

Variable payments based upon use (for example, electricity) or late/overuse fees (for example, a cellphone

plan).

Step-by-step explanation:

Service credit refers to an amount of money being paid in agreement to purchase a good or service usage by an individual or organizations such as utility bills.

Service credit entails variable payments based upon use (for example, electricity) or late/overuse fees (for example, a cellphone

plan).