Which of the following is not an example of revolving credit?
A)overdraft protection
B)charge cards
C)mortgage
D)line of credit.
E)bank card credit

Question

Quizplus · Accepted Answer

A mortgage is a type of installment credit where the borrower receives the entire loan amount upfront and repays it in fixed, regular payments over a set period of time. It is not a type of revolving credit where the borrower has access to a pre-approved credit limit and can borrow and repay money multiple times within that limit.

Which of the Following Is Not an Example of Revolving