3 years ago

Which is an example of closed-end credit?

Mathematics

2 answers:

FrozenT [24]3 years ago

8 0

Answer:

home loan

Step-by-step explanation:

A closed-end credit is a loan in which the amount is borrowed all at once and the total balance with the interests have to be paid in a specific date. The terms on the loan depend on the borrower's credit rating and it is used for buying expensive things like cars and real estate. Because of this, an example of closed-end credit is a home loan.

kumpel [21]3 years ago

5 0

the answer is C) home loan

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