Respuesta :

MrPuffAlot

Answer:

The cost of credit is basically the late fees and transfer fees on your credit card. ... May combine elements of closed and open-end credit. Usually higher interest rates and higher fees.

Step-by-step explanation:

aliciawashington15

Answer:

False, a secured line of credit is guaranteed by an asset called collateral, such as a home or a car.

An unsecured line of credit is not guaranteed by any asset—for instance, a credit card.

Step-by-step explanation:

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