which is an example of closed - end credit?\npayday loan\ntitle loan\nhome loan\ncredit card

Brief Explanations:

Closed - end credit is a type of credit where the borrower receives a lump sum amount and repays it over a fixed period with a fixed payment schedule.

• A payday loan is a short - term, high - interest loan typically due on the borrower's next payday. It is a form of closed - end credit as the borrower gets a specific amount and repays it in full (including fees) on the due date.
• A title loan is also a short - term loan where the borrower's vehicle title is used as collateral. The borrower receives a set amount and repays it (usually with a balloon payment) by a specific date, so it is closed - end credit.
• A home loan (mortgage) is a long - term loan for purchasing a property. The borrower is given a specific amount (the loan amount) and repays it over a fixed number of years (e.g., 15 or 30 years) with a fixed payment schedule (principal and interest), so it is closed - end credit.
• A credit card is an open - end credit. The borrower has a credit limit and can make multiple purchases, payments, and carry a balance from month to month.

Answer:

payday loan, title loan, home loan