Revolving vs. Installment -

An agreement that allows an account holder to borrow money without any repayment obligations.

An agreement that permits an account holder to borrow money once and repay it in full immediately.

An agreement that allows an account holder to borrow money repeatedly up to a set limit while repaying in installments. (correct)

An agreement that permits an account holder to borrow money repeatedly without any set limit.

Borrowing money without any repayment obligations.

Borrowing money repeatedly without any set limit.

Repaying the borrowed money in full immediately.

Borrowing money repeatedly up to a set limit. (correct)

Borrowing money repeatedly up to a set limit and repaying in installments. (correct)

Borrowing money once and repaying it in full immediately.

Borrowing money repeatedly without any set limit.

Borrowing money without any repayment obligations.

<p>Revolving credit allows an account holder to borrow money repeatedly up to a set limit and repay it in installments.</p> Signup and view all the answers

<p>Access to funds whenever needed.</p> Signup and view all the answers

<p>A credit card with a $5,000 limit that can be used for multiple purchases.</p> Signup and view all the answers