Question

Please help, I'll give you a medal<3

2. Explain the following types of credit:
a. Service credit:
b. Loan:c
c. Installment credit:
d. Credit card:

Answer 1

Service credit is retirement credit for time worked.

loan is borrowing credit

Installment credit is a type of credit that has a fixed number of payments, in contrast to revolving credit.

a credit card is a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit.