Which is an example of easy-access credit? $3000 monthly line of credit credit card with a $4,000 limit one-week payday loan for $350 $200,000 loan for a home

Students were requested to answer a question at academics and to state what is most important for them to succeed. Out of the many answers, the one which that stood out was practice. Successful persons are definitely not born successful; they become successful with hard work and perseverance. This is how you can obtain your goals. the following some question and answer examples that you possibly will work with to elevate your knowledge and gain insight that will assist you to maintain your school studies.

Question:

Which is an example of easy-access credit? $3000 monthly line of credit credit card with a $4,000 limit one-week payday loan for $350 $200,000 loan for a home

Answer:

An example of easy-access credit is : ( C ) One-week payday loan for $350

What is an easy-access credit ?

An easy access credit is a type of credit which has a very high interest rate and a short term period. from the options listed an example of an easy-access credit is a one-week payday loan. because it has a short term duration and a high interest rate.

Hence we can conclude that An example of easy-access credit is : ( C ) One-week payday loan for $350

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From the answer and question examples above, hopefully, they can potentially help the student solve the question they had been looking for and remember of all the stuff stated in the answer above. Then can easily make some sharing in a group discussion and also learning with the classmate somewhere around the topic, so another student also experience some enlightenment and still keeps up the school learning.

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