Question

fill in the blank so that the resulting statement is true.

the two types of contracts involved with leasing a car are called a/an ▼ lease and a/an ▼ lease

Explanation:

In car leasing, the two main types of lease contracts are a closed - end lease and an open - end lease. A closed - end lease is the more common type where the lessee has no significant obligation at the end of the lease regarding the car's residual value (except for excess wear and tear or mileage). An open - end lease requires the lessee to pay the difference between the car's residual value and its actual value at the end of the lease if the residual value is higher.

Answer:

closed - end, open - end