6. Which type of credit milows repeated borrowing wp to set semiet A) Closed-end credit B) Secured loan C) Open-end credit D) Unsecured loan

To solve the problem, we need to identify which type of credit allows for repeated borrowing up to a set limit. Let's analyze the options: A) **Closed-end credit**: This type of credit is a one-time loan for a specific amount that must be paid back in full by a certain date. Once the loan is paid off, you cannot borrow again without applying for a new loan. B) **Secured loan**: This is a loan backed by collateral, which can be seized if the borrower fails to repay. It can be either closed-end or open-end, so it doesn't specifically refer to repeated borrowing. C) **Open-end credit**: This type of credit allows borrowers to access funds repeatedly up to a certain limit. It is often associated with credit cards and lines of credit, where you can borrow, repay, and borrow again. D) **Unsecured loan**: This is a loan that does not require collateral. Like secured loans, it can be either closed-end or open-end, but it does not specifically indicate repeated borrowing. Based on this analysis, the correct answer is: **C) Open-end credit** This type of credit allows for repeated borrowing up to a set limit.