A Prearranged Loan for a Specified Amount That a Consumer

question 10

Multiple Choice

A prearranged loan for a specified amount that a consumer can use by writing a special check is known as

• A) A bank credit card.
• B) A revolving check credit.
• C) Installment sales credit.
• D) Single lump-sum credit.
• E) Closed-end credit.

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Definitions:

Statistics Canada

The national statistical office of Canada, responsible for producing statistics to help better understand Canada, its population, resources, economy, society, and culture.

Established Authority

Refers to the recognized and accepted use of power by institutions or individuals in a society, often derived from legal, traditional, or organizational sources.

Probability Sample

A sample in which each member of the population has a known, non-zero chance of being selected.

Gatekeeper

is an individual or group that controls access to something, such as information or resources, often acting as a filter or decision-maker.