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Provide an example of a closed-end credit account that Caroline has.

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  1. 1 April, 17:29
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    Closed-end credit is a type of credit that should be repaid in full amount by the end of the term, by a specified date. The repayment includes all the interests and financial charges agreed at the signing of the credit agreement. Closed-end credits include all kinds of mortgage lending and car loans.
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