5 multiple choice 1 point which of the following is an example of revolving credit? mortgage auto loan…

5 multiple choice 1 point which of the following is an example of revolving credit? mortgage auto loan credit card student loan

5 multiple choice 1 point which of the following is an example of revolving credit? mortgage auto loan credit card student loan

Answer

Brief Explanations:

Revolving credit allows borrowers to repeatedly borrow up to a certain credit limit. A credit card fits this as card - holders can make purchases, pay off part or all of the balance, and then make more purchases within the credit limit. Mortgages, auto loans, and student loans are installment loans with fixed repayment schedules and amounts.

Answer:

C. Credit card