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In Business / College | 2025-07-07

In which type of credit does the bank allow you to borrow money up to a specific amount?

Asked by pattonjon153

Answer (1)

Revolving credit allows you to borrow up to a specific limit and repay it multiple times, like with credit cards. This type of credit provides flexibility in borrowing but requires careful management of repayment. Understanding revolving credit is important for effective financial planning. ;

Answered by GinnyAnswer | 2025-07-07

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