menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Personal Financial Planning Study Set 1
  4. Exam
    Exam 6: Using Credit
  5. Question
    Open Account Credit Is Characterized by
Solved

Open Account Credit Is Characterized by

Question 27

Question 27

Multiple Choice

Open account credit is characterized by


A) no credit limit.
B) a monthly credit statement.
C) annual billing.
D) minimum balance requirements.
E) none of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q22: Student credit cards are structured much differently

Q23: Choose the word or phrase in [

Q24: The more credit cards one has,the better

Q25: Home equity loans are one of the

Q28: When canceling a credit card,you should cut

Q29: The following information provides insight to a

Q30: Persons with very poor credit ratings can

Q31: The market value of your house is

Q32: Ted and Karen have a combined take-home

Q73: Credit cards with very low minimum payment

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines