One Example of Closed-End Credit Is

question 171

Multiple Choice

One 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:

Syllogisms

Logical arguments containing three parts: a major premise, a minor premise, and a conclusion, used to derive a truth from assumed truths.

Empirical Evidence

Information acquired by observation or experimentation that is used to confirm or refute a hypothesis or theory.

Evaluating Facts

The process of assessing the accuracy and relevance of information to determine truth.

Objective

Based on facts rather than feelings or opinions; not influenced by personal feelings or interpretations.