The Most Common Forms of Open Account Credit Are Bank

question 88

True/False

The most common forms of open account credit are bank credit cards and retail charge cards.

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Definitions:

Great League Of Peace

An alliance of the Iroquois tribes, originally formed sometime between 1450 and 1600, that used their combined strength to pressure Europeans to work with them in the fur trade and to wage war across what is today eastern North America.

Iroquois

A historically powerful and influential group of Native American tribes in the northeastern United States, known for their sophisticated political system and the Iroquois Confederacy.

Centralized Authority

A system where decision-making and power are concentrated in a central group or location.