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16 December, 18:51

Which expense is a bank least likely to extend a line of credit for?

job training after high school

a flat-screen TV

improvements to a home

a car to be used for transportation to and from work

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Answers (2)
  1. 16 December, 19:28
    0
    A flat screen TV

    The other options all create value, while a TV does not.
  2. 16 December, 20:57
    0
    A flat screen Tv

    Explanation:

    A line of credit is a type of loan provided by banks and specific interest is charged on the portion of the borrowed fund. You can withdraw fund from the account at anytime needed until the approved line of credit is exhausted.

    It is advised to use LOC for major expenses that are essential to add value to lives or improve livings but not luxury goods like a television considering the cost related to it.
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