Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.
Sagot :
The best choice that would assure and guarantee that José has open-ended credit is: a bank line of credit.
Line of credit
A credit can be any amount of money that is being borrowed and it is expected to be paid back with interest at an agreed date from a lender by a borrower.
Generally, there are three main types of credit and these include:
- Revolving credit
- Installment or closed-end credit
- Open-end credit
An open-end credit refers to pre-approved line of credit (loan) that is given to a borrower by a economic institution (bank) and it can be used frequently up to a specific preset limit. Thus, an open-end credit is typically used for many investments over a period of time rather than just a single investment.
To learn more about line of credit visit the link
https://brainly.com/question/3255380
#SPJ4
Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.
