Answered

José wants to have money available for any future purchase he desires. What is his BEST choice to assure that he has open-ended credit?

A. a single lump-sum credit
B. an installment cash credit
C. an installment sales credit
D. a bank line of credit



Answer :

GinnyAnswer

Final answer:

Open-end credit offers flexibility and convenience for future purchases, making it the best choice for José.


Explanation:

Open-end credit is the best choice for José to have money available for future purchases. This type of credit allows him to borrow repeatedly up to a certain limit, providing flexibility and convenience.

With open-end credit, José can make various purchases over time without having to reapply for credit each time. Examples of open-end credit include credit cards and bank lines of credit.


Learn more about Open-end credit here:

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