babykyy19
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Which of the following is an example of revolving credit?
A. Aloan that uses collateral
B. A loan that doesn't use collateral
C. Acredit card
D. Asingle-payment loan
Please select the best answer from the choices provided
A
B
оооо
C
D

Answer :

Answer: C. Credit Card

Explanation:

Because I just take the test, and it was correct.

A credit card is an example of revolving credit.

Revolving credit refers to any credit account that is open-ended, it can be a credit card or any other line or form of credit that can be utilised and paid multiple times, for as long as the concerned account is open. There is a credit limit and the available credits for using keep increasing as the payments are done.

To learn more about credit cards, refer https://brainly.com/question/26857833

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