AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 9 Topic 1 Discussion

AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 9 Topic 1 Discussion

CWM_LEVEL_2 Exam Topic 1 Question 9 Discussion:
Question #: 9
Topic #: 1

Section A (1 Mark)

A good example of closed-end credit is:


A.

A credit card issued by VISA or Master Card.


B.

The use of overdraft protection at a bank.


C.

The use of a cashier's check to pay for a purchase.


D.

A mortgage loan.


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