A(n)_____ credit is a credit agreement that allows the borrower to pay all or part of the balance at any time;as the loan balance is paid off,it becomes available to be borrowed again.

Question

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The description provided matches that of a revolving credit, which allows the borrower to use credit up to a certain limit, pay back some or all of the balance, and then borrow again. Examples of revolving credit include credit cards and home equity lines of credit.

A(n)_____ Credit Is a Credit Agreement That Allows the Borrower