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In Business / College | 2025-07-04

Which of these is an example of revolving credit?

A. Payday loan
B. Credit card
C. Student loan
D. Car loan

Asked by shamikaroberson92

Answer (1)

The best example of revolving credit from the options given is a credit card, as it allows borrowers to use a credit limit, repay it, and borrow again. In contrast, payday loans, student loans, and car loans are not revolving credit. Therefore, it's important to understand the distinct characteristics of each type of credit. ;

Answered by GinnyAnswer | 2025-07-04

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