IIA
IIA-CFSA · Question #148
_____________ loans allow the consumer to repay a loan over a set period. They require periodic principal and interest payments The loan is generally secured by the item being purchased. Automobile…
The correct answer is A. Installment loans. See the full explanation below for the reasoning.
Question
_____________ loans allow the consumer to repay a loan over a set period. They require periodic principal and interest payments The loan is generally secured by the item being purchased. Automobile loans or real estate mortgage loans are common types of such types of loans.
Options
- AInstallment loans
- BConsumer loans
- CResidential loans
- DAsset-based loans
How the community answered
(27 responses)- A78% (21)
- B11% (3)
- C4% (1)
- D7% (2)
Community Discussion
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