Comparison/Contrast
Contrast
Comparison
effrontery
B.
recapitulation
C.
indenture
D.
cerebration
charming
diligently
sadly
Answer:
a loan is usually a big amount of money someone loans you that you have to pay back in increments. A credit card is a card with money you borrow from the bank and have to pay back monthly.
Loans are a fixed amount of money borrowed at an agreed interest rate to be paid back over a certain period. Credit cards are a type of revolving credit where you borrow against a credit limit, paying interest only on the amount you owe.
Loans and credit cards are indeed two types of credit, but they work in different ways. When you take out a loan, you are borrowing a set amount of money that you agree to pay back over a certain period of time. You will also agree on an interest rate, which will be added to the amount you owe.
On the other hand, a credit card is a type of revolving credit. This means that you're given a credit limit, or a maximum amount that you can charge to the card. You can borrow up to that limit and as you pay off your balance, that money becomes available to borrow again. Interest is charged on the amount you owe, not the entire credit limit.
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