____ are not a type of open account credit.
A) Retail charge cards
B) 30-day charge accounts
C) Travel and entertainment cards
D) Bank credit cards
E) Bank debit cards

Question

Quizplus · Accepted Answer

Bank debit cards are not a type of open account credit as they are linked directly to a customer's bank account and do not involve borrowing money. Retail charge cards, 30-day charge accounts, travel and entertainment cards, and bank credit cards all involve extending credit to the customer.

____ Are Not a Type of Open Account Credit