Question

What do the three major forms of open (non-credit card) credit have in common? Check all that apply. They have potential tax advantages. They require collateral. They are helpful in emergencies They provide funds that can easily the following questions about the Knowing how revolving lines of credit work will help you to make informed decisions various options available through revolving credit lines. Remember that Using overdraft protection without getting into trouble with it requires the self-discipline to use it only in emergencies funds used for the protection are a loan . accumulating fees are really worth your overdrafts, for many of which you may have is such, there fare stached to ving the funds, not your en S are really worth your overdrots, for many or which one more than Using an unsecured line of credit can help you make purchases once approved, obtaining cash advances is cumbersome . The debt 7 SN 7 8 37 51 SS SS os into the equity funds y An advantage of using a home equity line of credit is it taps into danger is that you may not have the cash flow necess 1s 6

i'm not sure i'm correct so i am just looking for checking

Answer 1

THE OPEN CREDIT IS NOT RESTRICTED TO SPECIFIC USE OR DURATION ITS THE ARRANGMENT BETWEEN PERSON GIVING LOAN AND BORROWER WHERE AMOUNT OF PER APPROVED LOAN IS PASSED AND ITS NOW TOTALLY DEPENDS ON BORROWER HOW MUCH HE WOULD LIKE TO USE ,LINE OF CREDIT IS TYPE OF OPEN CREDIT IN WHICH THE ISSUER AGREE TO PAY EXPENSES OF THE COMPANY AS PER THE ARRANGMENT THEY HAVE MADE ,BUSINESS WHICH CAN USE ASSETS OF COMPANY OR OTHER COLLATERAL TO BACKUP THERE LOAN USE THIS TYPE OF CREDIT,

AS IN OPEN CREDIT COLLATERAL OF SECURITY IS REQUIRED AS THE LOAN IS GIVEN TO  NUMBER OF USAGE ITS NOT FOR SPECIFIC USE

SO THE ANSWER MIGHT BE

THEY REQUIRE COLLATERAL

THEY ARE HELPFUL IN EMERGENCIES

THEY PROVIDE FUNDS THAT ARE EASILY EXHAUSTED.