What is revolving credit? a. credit when the borrower makes regular monthly payments b. credit that requires payment in full on a specific date c. credit that is paid all at once, in a single payment d. credit that lets the borrower choose how much of the credit to use and when to pay it

Revolving credit is the type of Credit that lets the borrower choose how much of the credit to use and when to pay it

Choice D is correct

Explanation:

Credit where the borrower makes regular monthly payments is referred to as Installment Credit.

Credit that requires payment in full on a specific date is called Single-payment Credit.

Credit that is paid all at once, in a single payment is referred to as Non-installment credit

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