The Maximum Dollar Amount of Credit the Lender Has Made

question 133

Multiple Choice

The maximum dollar amount of credit the lender has made available to you is called:

• A)revolving credit.
• B)line of credit.
• C)convenience credit.
• D)installment cash credit.
• E)single lump-sum credit.

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Definitions:

Tariff

A tax imposed on imported goods, often used to protect domestic industries from foreign competition and to raise government revenue.

Tax Revenue

The income that is gained by governments through taxation, which is used to fund public expenses.

Import Quota

A government-imposed limit on the quantity of a specific good that can be imported into a country.

Honda Automobiles

A reference to the range of vehicles manufactured by the Honda Motor Company, a multinational automotive manufacturer.