Question
Compare the sources of consumer credit
travel and entertainment credit
revolving check credit
closed-end credit
revolving credit
consumers use a prearranged loan using special checks
consumers use cards with no interest and non -revolving balances
consumers pay off debt and credit is automatically renewed
consumers take out a loan with a repayment date and have a specific
purpose
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Answer
Travel and entertainment credit is a form of closed-end credit, revolving check credit is a form of revolving credit, and consumers use prearranged loans with special checks, cards with no interest and non-revolving balances, and loans with a repayment date and specific purpose.