Match the term with its definition.
-A line of credit that allows the customer to obtain a product or service at the time of purchase, with payment due when billed
A)consumer credit
B)credit
C)credit bureaus
D)credit card
E)installment account
F)open charge account
G)revolving charge account
H)trade credit
I)trade-credit agencies
J)value

Question

Quizplus · Accepted Answer

An open charge account is a type of credit arrangement that allows customers to obtain products or services at the time of purchase with the understanding that payment will be made later when billed, fitting the definition provided.

Match the Term with Its Definition