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:

Interpersonal Therapy

A form of psychotherapy that focuses on improving interpersonal relationships and communication patterns to help resolve emotional distress.

Depression

A mental disorder marked by an enduring depressed state or a disinterest in usual activities, leading to significant challenges in routine life.

Behavioural

Relating to the observable actions of individuals and the ways in which these actions can be influenced or changed.

Cognitive

Refers to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.