xLeadMarex xLeadMarex

19-04-2021
Business

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True or False? A Mastercard credit card is an example of an open-end credit account.

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kylaphillips46 kylaphillips46

19-04-2021

Answer:

True

Explanation:

Using a credit card issued by a store, a bank card such as VISA or Mastercard, or overdraft protection are examples of open-end credit.Unless you pay off the debt in full each month, you will have to pay a high-rate of interest or other kinds of finance charges for the use of credit.

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geeetwins geeetwins

19-04-2021

It is true because you’re allowed to take a thing on credit.

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