Question

Provide an example of a closed‐end credit account that Caroline has. (1 point) 

Answer 1

• One source of credit is retail stores, which are department stores (macy's, neiman marcus) that will give you a card that you can use only at that store
• Another source of credit is credit card companies like visa, mastercard, American express, and discover.

Answer 2

Hello user


Answer: A mortgage loan is an example of a closed-end credit.


Hope I helped
-Chris