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Vinvika [58]
3 years ago
6

José wants to have money available for any future purchase he desires. What Is his BEST choice to assure that he has open-ended

credit? ОА a single lump-sum credit OB. an installment cash credit Ос. an installment sales credit OD a bank line of credit​
Social Studies
1 answer:
Nutka1998 [239]3 years ago
5 0

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:

  • Revolving credit
  • Installment or closed-end credit
  • Open-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.

Read more: brainly.com/question/7581600

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In the book we are introduced to Nadia and Saeed. The narrator does not inform which country they are from, nor their religion, but shows how this religion manifests itself in different ways in each of the two and how it shapes their personality and the way they both live.

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