Question

What is an open line of credit? a. A line of credit which has no current balance. b. A line of credit with a variable interest rate. c. A line of credit against which additional debt may be drawn. d. A line of credit which has no credit history requirements. Please select the best answer from the choices provided A B

Answer 1

c is the correct one

Explanation:

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Answer 2

Answer: C

Step-by-step explanation: An open line of credit is a line of credit against which additional debt may be drawn. An open credit line allows you to borrow money against the credit line at different times. You can borrow against it up to the credit limit.