Which of the Following Is Not an Example of Revolving

question 98

Multiple Choice

Which of the following is not an example of revolving credit?

• A)a line of credit.
• B)a credit card loan.
• C)overdraft protection.
• D)charge cards.
• E)automobile loans.

---

Definitions:

Actual Delivery

The physical exchange of an asset between seller and buyer or the completion of a transaction, as opposed to a contract being settled by other means.

Interest Rate Futures

Financial derivatives contracts that speculate on the future level of interest rates, allowing investors to hedge or speculate on changes in interest rates.

Eurodollars

U.S. dollar-denominated deposits held in banks outside the United States, not under the jurisdiction of the Federal Reserve, used in international transactions.

Euroyen

Yen-denominated deposits held in banks outside Japan, or bonds issued in the Tokyo market by non-Japanese entities, typically denominated in yen.