________ is a credit arrangement where the balance may be paid off monthly and interest is only charged on the remaining unpaid amount.
A) The credit report
B) The credit payment history
C) Revolving open-end credit
D) The debit report

Question

Quizplus · Accepted Answer

Revolving open-end credit allows borrowers to use or withdraw funds up to a pre-approved credit limit, pay off the balance, and then borrow again. Interest is charged on the unpaid balance, making it a flexible credit arrangement.

________ Is a Credit Arrangement Where the Balance May Be