A line of credit acts very much like

Name: A line of credit acts very much like
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A line of credit is open-end/revolving credit, which means that the borrower can borrow up to a certain limit and can continue borrowing and repaying within that limit. The borrower only has to pay interest on the amount borrowed, and can reuse the line of credit as many times as needed as long as the payments are made on time.

A Line of Credit Acts Very Much Like