Credit extended to consumers for short periods of time to make specific purchases is
A) installment credit.
B) non-installment credit.
C) revolving open-end credit.
D) minimum limit credit.

Question

Quizplus · Accepted Answer

Non-installment credit is typically extended for short periods of time to make specific purchases, unlike installment credit which involves regular payments over time.

Credit Extended to Consumers for Short Periods of Time to Make