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.

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Definitions:

Cause Promotions

When an organization provides or donates money to support or increase awareness and concern for a cause or charity.

Corporate Philanthropy

Direct contribution to a charity or cause.

Cause-Related Marketing

A marketing strategy where businesses partner with non-profit organizations to promote a social cause or charity, often to enhance their brand's image while contributing to a good cause.

Cause Promotions

Marketing efforts undertaken to support a social cause or to advocate for a public issue.