A Credit Arrangement That Has No Extra Costs and No

question 96

Multiple Choice

A credit arrangement that has no extra costs and no specific repayment plan is called:

• A)installment sales credit.
• B)single lump-sum credit.
• C)line of credit.
• D)incidental credit.
• E)revolving check credit.

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Definitions:

Encoding

The process of converting information into a form that can be stored in memory.

Vocabulary

The set of words known and used by a person in a particular language.

Phonetic Method

An approach to teaching reading and writing that emphasizes the sounds of letters and their combinations.

Word Recognition

The ability of a reader to identify written words correctly and effortlessly.