llynchrb llynchrb
  • 03-05-2017
  • Business
contestada

Open credit in a revolving charge plan results in

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YuhBoi
YuhBoi YuhBoi
  • 03-05-2017
As many charge purchases up until credit limit is reached
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BenitoMarin BenitoMarin
  • 29-11-2019

Answer:

The correct answer is:  as many charged purchases until credit limit is reached.

Explanation:

A revolving line of credit is an arrangement between an individual and a bank to borrow money on a short-term basis to meet temporary cash shortfalls. Banks that issue a revolving line of credit usually charge an initiation fee to start the loan and set a maximum for the amount borrow which is typically the customer's credit limit.

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