Karen is notified by her credit card company that the credit limit on her credit card has just been increased to $10,000. This is one example of a change related to
A: incidental credit.
B: closed-end credit.
C: a line of credit.
D: installment sales credit.
E: overdraft protection.
A: incidental credit.
B: closed-end credit.
C: a line of credit.
D: installment sales credit.
E: overdraft protection.
举一反三
- Using a credit card, such as Visa or MasterCard, is an example of closed-end credit.
- Which of the following statements about the bank credit is wrong? A: Bank credit is always regard as indirect credit. B: Bank credit is always regarded as short-term credit. C: Bank credit is always direct credit. D: Bank credit is always long-term credit.
- Remittance and collection belong to commercial credit, and letter of credit belongs to banker’s credit.
- Letter of credit belongs to banker’s credit.
- Compared with commercial credit, what are the characteristics of bank credit? A: Bank credit is an indirect credit. B: The object of bank credit is monetary capital. C: The object of bank credit is commodity capital. D: Bank credit and changes of industrial capital maintain a certain degree of independence.