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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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<h3>What is scale of analysis?</h3>

Scale of analysis of a map refers to the different units of measurement used to describe different aspects of the world.

The scale of analysis used in the two maps is economic scale of analysis.

Based on the data from the map;

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  • The use of agricultural chemicals such as fertilizer and pesticides helped to improve rice production worldwide.

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<u>Answer: </u>

An anemometer will be used to measure the speed of the wind.

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True

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