A typical automobile financing agreement would be a closed-end credit agreement.

Name: A typical automobile financing agreement would be a closed-end credit agreement.
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A closed-end credit agreement, also known as an installment loan, is a type of loan where the borrower receives a specific amount of money and agrees to repay it over a set period of time with a fixed number of payments. Automobile financing agreements typically fall under this category.

A Typical Automobile Financing Agreement Would Be a Closed-End Credit