A credit arrangement that has no extra costs and no specific repayment plan is called:
A)installment sales credit.
B)single lump-sum credit.
C)line of credit.
D)incidental credit.
E)revolving check credit.

Question

Quizplus · Accepted Answer

Incidental credit typically involves no extra costs and does not require a specific repayment plan. It is often used for minor purchases or services where the credit is extended without a formal agreement, and the balance is expected to be paid off quickly.

A Credit Arrangement That Has No Extra Costs and No