Question

Open credit in a revolving charge plan results in

Answer 1

As many charge purchases up until credit limit is reached

Answer 2

The correct answer is: as many charged purchases until credit limit is reached.

Step-by-step explanation:

A revolving line of credit is an arrangement between an individual and a bank to borrow money on a short-term basis to meet temporary cash shortfalls. Banks that issue a revolving line of credit usually charge an initiation fee to start the loan and set a maximum for the amount borrow which is typically the customer's credit limit.