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. (B)</p> Signup and view all the answers

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

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