Question

What is true about open-end credit? OA It is not typically used for a single purchase but for many purchases over a period of time. B. This type of credit is sometimes referred to as a consumer loan. OC. This type of credit is commonly used for big ticket things like mortgages or car loans. Payments typically stay the same amount from month to month.​

Answer 1

Option B

Explanation:

Open end credit 's biggest example is our credit card

• You use credit card and take the money borrow from bank as per your requirement.
• If you pay in time your credit score increases else decreases.

Option B is correct