1. Distinguish between installment credit and open-ended credit. 2. Explain the basic features of revolving credit. 3....

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1. Distinguish between installment credit and open-ended credit.
2. Explain the basic features of revolving credit.
3. Describe how someone might use a personal line of credit.

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Question Posted: Nov 26, 2014 08:15 AM

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1. Distinguish between installment credit and open-ended credit. 2. Explain the basic features of revolving credit. 3....

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1 Installment credit requires the borrower to repay the amount owed in a specific number of ...View the full answer

Personal Finance

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