Which of the Following Is True with Respect to Installment

question 99

Multiple Choice

Which of the following is true with respect to installment accounts?

• A) A down payment is normally required.
• B) Large purchases are usually not covered by this form of credit.
• C) By law, finance charges cannot exceed 20 percent of the purchase price.
• D) Short-term consumer credit is provided.

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Definitions:

Connective Tissue

Connective tissue is a type of biological tissue that supports, connects, or separates different types of tissues and organs in the body, characterized by few cells and a large amount of extracellular matrix.

Two-Point Discrimination

The ability to distinguish two separate points when they are simultaneously touched on the skin, a measure of tactile sensory resolution.

Free Nerve Endings

Sensory receptors found in the skin and mucosa that respond to pain, temperature, touch, and pressure.

Temperature Change

A variation in the degree of hotness or coldness of a body or environment, typically measured in degrees Celsius or Fahrenheit.