BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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All of these are examples of types of credit except:
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savings account
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college loan
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credit cards
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car loan
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Explanation:
Detailed explanation-1: -There are many different forms of credit. Common examples include car loans, mortgages, personal loans, and lines of credit.
Detailed explanation-2: -Credit cards, buying a car or home, heat, water, phone and other utilities, furniture loans, student loans, and overdraft accounts are examples of credit. In general, credit can be grouped into four broad categories: service, installment, revolving, and open credit (NYC Department of Consumer Affairs, 2013).
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