Which form of credit imposes a credit limit, is unsecured, is high in interest, and has a bank or financial institution as a len

Question

Aleksandr-060686 [28]

3 years ago

9

Which form of credit imposes a credit limit, is unsecured, is high in interest, and has a bank or financial institution as a len

der? a mortgage a credit card a vehicle loan a paycheck loan

Geography

2 answers:

tino4ka555 [31] · Answer 1 · 2022-02-09T07:07:02+03:00

tino4ka555 [31]3 years ago

8 0

The answer would be a credit card. A credit card is being issued by a bank or a financial institution that would allow the holder to charge any purchase at the store that would accept it.It has a credit limit and can have high interest.

Pachacha [2.7K] · Answer 2 · 2022-02-09T08:36:25+03:00

<u>ANSWER:</u>

Credit card is a form of credit that impose a credit limit, is unsecured, is 'high in interest', and has a bank or 'financial institution' as a lender.

<u>EXPLANATION:</u>

A credit card is a very useful card for people. It helps to purchase things and makes billing or payment easy without difficulties.

As credit cards does have credit limit as user will not be allowed to withdraw money above the limit. The card is protected with a 4-digit code.