2. What is a key feature of revolving credit , such as a credi 1. A credit card requires fixed monthly payments ov 2. A credit card allows you to borrow up to a certain 3. A credit card is used for one-time large purchase 4. A credit card has no borrowing limit.

Question

2. What is a key feature of revolving credit , such as a credi 1. A credit card requires fixed monthly payments ov 2. A credit card allows you to borrow up to a certain 3. A credit card is used for one-time large purchase 4. A credit card has no borrowing limit.

Answer 1

The correct answer is **2. A credit card allows you to borrow up to a certain limit.**Revolving credit is characterized by a pre-approved credit limit that you can borrow from repeatedly. As you pay back what you've borrowed, that credit becomes available to use again. This contrasts with installment credit (like a car loan) where you receive a fixed amount and make regular payments until it's paid off.

Question

2. What is a key feature of revolving credit , such as a credi 1. A credit card requires fixed monthly payments ov 2. A credit card allows you to borrow up to a certain 3. A credit card is used for one-time large purchase 4. A credit card has no borrowing limit.

Solution

Answer