Types of Creditors and Credits Quick Check
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Question
What is the difference between a charge card and a credit card?(1 point)
Responses
A charge card has a revolving line of credit while a credit card is paid off each month.
A charge card has a revolving line of credit while a credit card is paid off each month.
A charge card has zero interest while a credit card has a high interest.
A charge card has zero interest while a credit card has a high interest.
A charge card is issued by a bank while a credit card is issued by a merchant.
A charge card is issued by a bank while a credit card is issued by a merchant.
A charge card is paid off each month while a credit card has a revolving credit line.