José wants to have money available for any future purchase he desires. What is his BEST choice to assure that he has open-ended credit?

a single lump-sum credit

an installment cash credit

an installment sales credit

a bank line of credit

1 answer

José's BEST choice to assure that he has open-ended credit is a bank line of credit.

A bank line of credit allows him to borrow money up to a certain limit whenever he needs it, providing the flexibility to access funds for various purchases. This type of credit does not have a fixed repayment schedule like an installment loan, making it ideal for open-ended credit needs.