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Which is an example of closed-end credit?

Answers (2)
  1. Isaya
    An example would be a car loan. It's any type of credit that needs to be paid in full by a certain date. More examples include mortgage payments and student loans.
  2. Keely
    Some examples of closed-end credits are all kids of mortgage lending and car loans. Places that might offer closed-end credit are car dealerships and real estate agencies.
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