Credit cards are usually based on a(n) ____ account system.
A)instalment
B)open charge
C)revolving
D)a selective

Question

Quizplus · Accepted Answer

Credit cards usually operate on a revolving account system, which allows the cardholder to carry a balance from month to month and make payments on their outstanding balance over time. This is different from an instalment account, which requires fixed payments over a set period of time, and an open charge account, which requires full payment each month. There is no such thing as a "selective" account system for credit cards.

Credit Cards Are Usually Based on A(n) ____ Account System