Both revolving and installment credits have certain advantages and disadvantages. What is an advantage of installment credit over revolving credit? Choose 1 answer: A It can charge high interest and fees if not paid in full or on time. B It can't be accessed again once paid off. (C) The payment amount is set and predictable.

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Both revolving and installment credits have certain advantages and disadvantages. What is an advantage of installment credit over revolving credit? Choose 1 answer: A It can charge high interest and fees if not paid in full or on time. B It can't be accessed again once paid off. (C) The payment amount is set and predictable.

Answer 1

C. The payment amount is set and predictable.

Answer 2

Installment credit and revolving credit both have unique characteristics. An advantage of installment credit over revolving credit is that the payment amount for installment credit is set and predictable. This predictability provides consumers with a clear understanding of their financial obligations, aiding in better financial planning and management.

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