A(n) ____ allows more debt to be added to the account over time.

Question

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A revolving account allows the borrower to borrow up to a certain limit and pay it back over time. As the borrower pays off the debt, they can continue to borrow more, up to the set limit, making it a flexible account. Closed accounts have a fixed payment plan, while open accounts have no set payment plan. Collecting accounts are accounts used by collection agencies, and installment accounts have a fixed repayment plan with a set number of payments.

A(n) ____ Allows More Debt to Be Added to the Account