In a closed-end credit, loans are made on a continuous basis and you make at least partial payment.

Name: In a closed-end credit, loans are made on a continuous basis and you make at least partial payment.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

In a closed-end credit, the loan is not made on a continuous basis; instead, it involves a fixed amount of money borrowed for a specific period of time, and the borrower makes regular payments until the loan is paid off in full.

In a Closed-End Credit, Loans Are Made on a Continuous