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BUSN 380 Week 3 Quiz Set 3

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1. _____ is a good example of a closed-end credit.
A credit card issued by a department store
A credit card issued by VISA or MasterCard
A mortgage loan
Using a cashier's check to pay for a purchase
Using overdraft protection at a bank
Question 2. When obtaining open-end credit, you may see this being
offered as
installment credit.
a box of credit.
convenience credit.
revolving credit.
a single lump-sum credit.
Question 3. Which one of these agencies can provide a report about
your past and present credit activity to a prospective creditor?