The best choice that would assure and guarantee that José has open-ended credit is: D. a bank line of credit.
A credit can be defined as an amount of money that is being borrowed from a lender by a borrower and it is expected to be paid back with interest at an agreed date.
Generally, there are three (3) main types of credit and these include:
- Installment or closed-end credit
An open-end credit refers can be defined as a pre-approved line of credit (loan) that is granted to a borrower by a financial institution (bank) and it can be used repeatedly up to a specific preset limit. Thus, an open-end credit is typically used for many purchases over a period of time rather than just a single purchase.
In conclusion, the best choice that would assure and guarantee that José has open-ended credit is a bank line of credit because it grants him a certain limit of credit.
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Answer:
Efficiency
Explanation:
Efficiency refers to the ratio of output to a resource provided. it is considered to be an effective work for less input provided. it is referred to the ability to provide the best result by avoiding energy waste, or without wasting time, energy. it stands between the effective and less effective.
It helps to determine the workability of the task or how effective the work or process is.
The answer for this question is the letter D
