With open-ended credit,credit is extended in advance of any transaction,and the borrower must reapply each time credit is desired.

Name: With open-ended credit,credit is extended in advance of any transaction,and the borrower must reapply each time credit is desired.
Brand: Quizplus
Rating: 4.8 (45 reviews)

Question

Quizplus · Accepted Answer

Open-ended credit allows the borrower to make repeated transactions without reapplying for credit each time, as long as they stay within the credit limit.

With Open-Ended Credit,credit Is Extended in Advance of Any Transaction,and