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What is one type of closed-end credit?

A. a credit card
B. a retail credit card
C. an installment cash credit
D. a bank line of credit

Sagot :

GinnyAnsweridn

Final answer:

Closed-end credit is a type of loan with set payments at intervals, such as retail installment loans.


Explanation:

Closed-end credit is a type of credit that refers to a loan for a set amount requiring regular payments at specific intervals. An example of closed-end credit is a retail installment loan where you borrow a certain amount for a specific purchase and pay it back over time with fixed payments.


Learn more about Types of credit here:

https://brainly.com/question/41907312


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