georgia needs to periodically use her credit card for extra money to pay for medical and unexpected…

georgia needs to periodically use her credit card for extra money to pay for medical and unexpected expenses. she usually pays it off every six months. which type of repayment schedule is described in this scenario? fixed revolving installment collateralized

georgia needs to periodically use her credit card for extra money to pay for medical and unexpected expenses. she usually pays it off every six months. which type of repayment schedule is described in this scenario? fixed revolving installment collateralized

Answer

Brief Explanations:

In a revolving repayment schedule, a borrower can repeatedly use and repay credit up to a certain limit. Georgia uses her credit - card periodically and pays it off every six months, which fits the concept of a revolving repayment schedule. Fixed repayment has set amounts and intervals, installment is for paying in regular installments over a set period, and collateralized involves using an asset as security. None of these match as well as revolving.

Answer:

revolving