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Which of the following types of credits would best describe credit cards? a. closed and secured b. closed and unsecured c. open and secured d. open and unsecured

Ramon Kelly

in Social studies

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Amanda Johnson on July 6, 2018

I think the answer is: open and unsecured credit refers to a type of credit that provided money to be loaned at a given time, when we need it. And unsecured credit refers to a type of credit that is not protected by the collateral.Credit cards have both features.


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