Social Studies, 30.07.2019 09:00 JadaaJayy
What is the difference between open-end credit, and closed-end credit, and what are the costs associated with each?closed-end credit is a form of credit that must be paid off by a specific date. open-end credit is an amount of credit that can be borrowed repeatedly as long as consistent payments are made according to the bank’s terms. the cost of these types of credit are fees and interest rates charged by the lender.
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What is the difference between open-end credit, and closed-end credit, and what are the costs associ...
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