BUSN 380 Course Great Wisdom / tutorialrank.com BUSN 380 Course Great Wisdom / tutorialrank.com | Page 30

1. _____ 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. When obtaining open-end credit, you may see this being
offered as
installment credit.
a box of credit.
convenience credit.
revolving credit.

a single lump-sum credit.

Question 3. Which one of these agencies can provide a report about
your past and present credit activity to a prospective creditor?
The Federal Reserve Bank in your district
The Audit Bureau of Circulation
The Federal Trade Commission
A debit bureau