A Good Example of Closed-End Credit Is

question 180

Multiple Choice

A good example of closed-end credit is:

• A) a credit card issued by a department store.
• B) a credit card issued by VISA or MasterCard.
• C) the use of overdraft protection at a bank.
• D) the use of a cashier's check to pay for a purchase.
• E) a mortgage loan.

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Definitions:

PTOs

Paid Time Off; a policy that combines vacation, sick leave, and personal leave into a single bank of days for employees to use at their discretion.

Work-Life Balance

The equilibrium between personal life and career work, where neither is neglected.

Voluntary Protection Programs

Cooperative initiatives between employers and government agencies to implement or enhance safety and health management systems at workplaces.

Health Insurance

An insurance policy that covers the cost of medical and surgical bills for the person insured.