The type of credit that operates like a revolving credit account where customers can purchase goods up to a certain dollar limit without a new credit check for each purchase is known as a/an ______.

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A line of credit operates as a revolving credit account, allowing customers to borrow up to a certain limit without needing a new credit check for each transaction. This flexibility makes it distinct from options like installment accounts, which typically involve fixed payments over time for a specific purchase.

The Type of Credit That Operates Like a Revolving Credit