What Type of Personal Loan Has a Fixed Monthly Payment

question 34

Multiple Choice

What type of personal loan has a fixed monthly payment?

• A) Installment loan.
• B) Line of credit.
• C) Deposit advance.
• D) Payday loan.

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Definitions:

Definitions

Clear explanations of the meanings of words or phrases, used to ensure understanding and reduce ambiguity.

Posttraumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.

Stress-Induced Mental Illness

A mental health disorder triggered or exacerbated by stressful situations or events.

Physical Injury

Harm or damage inflicted on the body of a person, often through accidents or acts of violence.