Question

Which are types of revolving credit?

I. Credit card
II. Instalment loan
III. Car loan
IV. Line of credit

Question 26Select one:

a.
I and II, only

b.
III and IV, only

c.
II and III, only

d.
I and IV, only

Answer 1

d. I and IV, only

Credit card and line of credit are types of revolving credit. Instalment loans and car loans are not considered revolving credit.