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:
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.