A credit arrangement that has no extra costs and no specific repayment plan is called
A)installment sales credit.
B)incidental credit.
C)line of credit.
D)single lump-sum credit.
E)revolving check credit.

Question

Quizplus · Accepted Answer

Incidental credit typically involves no extra costs and does not require a specific repayment plan. It is often extended by businesses for small amounts that can be paid off at the customer's convenience.

A Credit Arrangement That Has No Extra Costs and No