Question and answer
Closed-end credit
Question
Asked 1/10/2013 8:34:10 PM
Updated 11/15/2014 10:07:26 AM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by alfred123 [11/15/2014 10:07:26 AM]
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Original conversation
User: Closed-end credit

Weegy: Because you can take advantage of the low rate interest and it gives you the chance to have a good vredit line that you can use in the future.
Greenpepper|Points 2911|

Question
Asked 1/10/2013 8:34:10 PM
Updated 11/15/2014 10:07:26 AM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by alfred123 [11/15/2014 10:07:26 AM]
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Rating
3
Closed-end credit is a type of credit that should be repaid in full amount by the end of the term, by a specified date.
Added 11/15/2014 10:07:21 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [11/15/2014 10:09:16 AM]
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