The maximum amount of credit you are allowed by a creditor is called a(n)
A)revolving credit.
B)installment cash credit.
C)convenience credit.
D)line of credit.
E)single lump-sum credit.

Question

Quizplus · Accepted Answer

The maximum amount of credit allowed by a creditor is referred to as a line of credit. A line of credit works like a revolving credit where the borrower can access funds whenever they need them up to the maximum credit limit.

The Maximum Amount of Credit You Are Allowed by a Creditor