Question

multiple choice question
which of the following is an example of revolving credit?
mortgage
credit card
automobile loan
school loan

Explanation:

Revolving credit is a type of credit that allows borrowers to repeatedly borrow up to a set limit, repay the balance, and borrow again. Mortgages, automobile loans, and school loans are installment loans with fixed repayment schedules for a set amount. Credit cards, however, let users borrow up to a credit limit, make payments, and reuse the available credit, fitting the definition of revolving credit.

Answer:

B. credit card