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frosja888 [35]
4 years ago
6

Provide an example of a closed‐end credit account that Caroline has.

Computers and Technology
1 answer:
Usimov [2.4K]4 years ago
5 0

<u>Explanation:</u>

Closed end credit is a loan for a stated amount that must be repaid in full by a certain date. Closed end credit has a set payment amount every month.The government and banks can limit the interest rates and fees that credit card companies can impose.


<u>Example:</u>

An example of closed end credit is a car loan.

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