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Which of the Following Is True of an Open-End Credit

Question 65

Multiple Choice

Which of the following is true of an open-end credit transaction?


A) An open-end transaction gives a debtor the option to pay in installments.
B) An open-end transaction includes a personal customer loan or a student loan.
C) An open-end transaction is for a limited time period.
D) An open-end transaction must be in writing.

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