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:

Motor Speed

The rate at which an electric motor's shaft rotates, typically measured in revolutions per minute (RPM).

Pump

A mechanical device that moves fluids (liquids or gases), or sometimes slurries, by mechanical action.

V/F Principle

The principle that states the ratio of voltage to frequency (V/F) should remain constant for AC drives to maintain torque.

Voltage

An electrical measurement expressing the potential difference between two points in a circuit, typically driving current flow.