Elizabeth7173
Elizabeth7173 Elizabeth7173
  • 24-05-2019
  • Arts
contestada

how is a line of credit simmilar to a credit card​

Respuesta :

jack17espinoza
jack17espinoza jack17espinoza
  • 24-05-2019

Answer:

With a regular loan, you're issued a certain amount of money, and charged interest on that amount until you repay the loan in full. A line of credit however, provides you with a credit limit (similar to a credit card) that you can borrow from, while only paying interest on the amount you use.

Explanation:

well basically the answer is also the explanation

Answer Link

Otras preguntas

Which social scientists focus their studies on scarcity, resources, and profit motives?
You are renting a moving truck for a day. There is a daily fee of $20 and a charge of $0.75 per mile. Your budget alloes a maximum total cost of $65. Write and
What is the first symphony Francis Joseph Haydn composed
Evaluate the expression. Show all of your work. −10−6+4÷(−0.5)(−2
describe the British blockade and America's response to it.
Flexibility is the capacity to move a joint through its full range of motion.
What two numbers multiply to -15 and can also add up to -7
Conceding a point in persuasive writing is done for the purpose of: Question 3 options: feeling sorry for the opposite side making your opponents feel better gi
What changes to landforms are caused by movements at transform boudaries
what factors are believed to have caused the great depression