Question

a form of revolving credit that accrues interest on balances that have not been paid off is a

checking account
credit card
debit card
savings account

Answer 1

credit card, is the right answer

Answer 2

Answer:

Revolving charge account does not need to be paid in full

Explanation:

A revolving charge account is the most commonly used credit card account. The cardholder can choose to make a minimum monthly payment instead of paying the entire bill amount. The card company applies a finance charge on the balance in the account.

Unlike a revolving charge account, a charge card requires the entire bill amount to be paid at the end of the billing cycle.