One common type of closed-end credit is:
A)a line of credit.
B)convenience credit.
C)revolving credit.
D)installment cash credit.
E)bank card credit.

Question

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Installment cash credit is a type of closed-end credit where the borrower receives the full loan amount upfront and repays it over a fixed period of time in regular installments. This contrasts with revolving credit, where credit is automatically renewed as debts are paid off.

One Common Type of Closed-End Credit Is