________ accounts are credit accounts that have a single borrowing limit and may be used and repaid on a repeated cycle.

Question

Quizplus · Accepted Answer

Charge accounts typically have a single borrowing limit and may be used repeatedly as long as the account is paid off in full each cycle. Loan accounts involve borrowing a set amount and repaying it over time. Checking and savings accounts are deposit accounts, not credit accounts.

________ Accounts Are Credit Accounts That Have a Single Borrowing