an example of open-end credit is a(n) ____

Home equity lines of credit HELOC and credit cards on the other hand are examples of open-end credit. What is an example of open end credit.

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An example of open-end credit is a n ____.

. Tanya received a 1000 loan from the bank. Youll get a detailed solution from a subject matter expert that helps you learn core concepts. Openend credit refers to any type of loan where you can make repeated withdrawals and repayments.

Credit card accounts home equity lines of credit HELOCs and debit cards are all. An example of open-end credit is mortgage loans as there are specific open end mortgage loans available so correct option will be C mortgage loans Automobile loans and revolving. Some of the common examples of an open-end credit are home equity loans credit cards overdraft protection department store credit cards etc.

Examples include credit cards home equity loans personal lines of credit and. A good example of an open-end credit is A the use of a bank credit card to make a purchase. For example when a sale is made a customer could choose to pay with cash.

A ____ of credit is an example of an open-end credit. A credit card charge a credit car charge Credit card holders are known as convenience users. In the consumer market home equity loans are an example of an open-end credit which allows homeowners to access funds based on the level of equity in the homes.

An example of open-end credit is aautomobile loans binstallment sales credit cmortgage loans drevolving check credit 11. An example of open-end credit is credit card which is very common because it gives easy access. It helps borrowers to have control over when and how much they borrow.

Open-end credit is not restricted to a specific use or duration. C automobile loan from a credit union. How does credit card act.

Real estate and auto loans are generally closed-end credit. For example assume a borrower obtains a 200000 open-end mortgage to purchase a home. Home equity lines of credit HELOC and credit.

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