BUSN 380 Course Great Wisdom / tutorialrank.com BUSN 380 Course Great Wisdom / tutorialrank.com | Page 24

1. (TCO 3) _____ is a good example of a closed-end credit.

A credit card issued by a department store
A credit card issued by VISA or MasterCard
A mortgage loan
Using a cashier's check to pay for a purchase

Using overdraft protection at a bank

Question 2. 2. (TCO 3) A creditor may set a maximum amount of
credit that a person is allowed, and this is called a(n)

Question 8. 8. (TCO 3) When a lender examines your job situation
and the security of your employment, it is considering which area of
lending?

n 9. 9. (TCO 3) Which one of the selections can be categorized as an
advantage of credit?
The use of credit can lead to court action and
bankruptcy.

The use of credit can lead to overspending.

The use of credit can lead to anxiety.