Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

question 10 points 2 ____ allows repeated transactions up to a maximum …

Question

question 10 points 2
____ allows repeated transactions up to a maximum credit limit.
flexible credit
installment loans
revolving credit
fixed rate loans

Explanation:

Brief Explanations

Revolving credit allows borrowers to repeatedly access funds up to a set credit - limit. Flexible credit is a more general term, installment loans are for a set amount repaid in installments, and fixed - rate loans have a constant interest rate.

Answer:

C. Revolving credit