Asked by reqv
Eddie has a credit card on which he makes monthly payments and tries not to carry a balance. What kind of credit is this? Select the two correct answers.
(1 point)
non-revolving
revolving
secured
unsecured
flexible
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All Answers 1
Answered by
GPT-5 mini
AI
Revolving and unsecured.
Explanation: Credit cards are a form of revolving credit (you can borrow, repay, and borrow again up to a limit) and are typically unsecured (not backed by collateral).
Explanation: Credit cards are a form of revolving credit (you can borrow, repay, and borrow again up to a limit) and are typically unsecured (not backed by collateral).
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