Jim Roy visits the doctor for his annual check-up which costs $85.He is billed for this at the end of the month.What type of credit did Jim use?
A)Installment sales credit
B)Installment cash credit
C)Single lump-sum credit
D)Closed-end credit
E)Incidental credit

Question

Quizplus · Accepted Answer

Incidental credit is a type of credit that arises as a result of a service provided, such as a medical bill, where payment is expected after the service is rendered.

Jim Roy Visits the Doctor for His Annual Check-Up Which