Which Option Is Designed for Long-Term Credit

question 15

Multiple Choice

Which option is designed for long-term credit?

• A)Credit cards
• B)Installment accounts
• C)Open charge accounts
• D)Revolving charge accounts

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Definitions:

Treasury Bond

Long-term, government-issued debt securities with a fixed interest rate, considered low-risk investments.

Ford

An American multinational automaker known for its production and sale of cars, trucks, and commercial vehicles.

Shell Oil

A major global group of energy and petrochemical companies known for exploring for and extracting crude oil and natural gas.

Ask Price

The lowest price at which a seller is willing to sell a security or commodity.