QuestionAugust 6, 2025

Ashley obtains a credit card from First National Bank. What type of credit is First National Bank extending to Ashley via the credit card? Multiple Choice Provisional Secured Collateralized Unsecured

Ashley obtains a credit card from First National Bank. What type of credit is First National Bank extending to Ashley via the credit card? Multiple Choice Provisional Secured Collateralized Unsecured
Ashley obtains a credit card from First National Bank. What type of credit is First National Bank extending to Ashley via the credit card?
Multiple Choice
Provisional
Secured
Collateralized
Unsecured

Solution
4.1(198 votes)

Answer

Unsecured Explanation 1. Identify the Type of Credit A credit card typically represents an unsecured line of credit, as it does not require collateral.

Explanation

1. Identify the Type of Credit<br /> A credit card typically represents an unsecured line of credit, as it does not require collateral.
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