Question

How is a line of credit similar to a credit card? A. Interest is charged only on the amount you actually borrow. B. The interest rates are the same. C. They both require co-signers. D. Lenders don't check your credit score. Please select the best answer from the choices provided A B C D

Answer 1

The correct option is A. Interest is charged only on the amount you actually borrow.

Step-by-step explanation:

The following information should be considered:

The line of credit should be same for the credit card when the interest is charged only with the amount that actually borrowed.

Therefore, the first option is correct.

Answer 2

A line of credit similar to a credit card because interest is charged only on the amount you actually borrow.