Which of the Following Is an Example of Closed-End Credit

question 32

Multiple Choice

Which of the following is an example of closed-end credit?

• A) A mortgage loan.
• B) A department store credit card.
• C) Overdraft protection.
• D) A bank line of credit.
• E) All of these are examples of closed-end credit.

---

Definitions:

Cost-Effective Changes

Adjustments or improvements to processes, systems, or products that maximize benefits while minimizing costs.

Production

The process of creating goods or services through the combination of labor, materials, and technology.

Operation

The day-to-day activities necessary for an organization to function effectively and achieve its goals.

Raw Materials

The fundamental components or basic substances used in the production of goods or services.