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Which is not a type of credit?

Which is not a type of credit?A.Car loan
B.Car registration
C.Phone service
D.Credit Card

Final answer:Among the given options, car registration isnota type of credit, while car loans and credit cards are. Phone service is not generally considered a form of traditional credit.Explanation:The option which is not a type of credit among the given options isB. Car registration. Credit refers to a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at a later date with consideration. Types of credit would include options like a car loan, credit card, mortgage loan, etc. While monthly payments can be made on options like phone service, it is not generally considered a form of credit in the traditional sense. Moreover, a car registration is a documentation process that is required legally to prove vehicle ownership; it is not associated with credit.Learn more about Types of Credit here:brainly.com/question/1475993#SPJ3...

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