Which of the Following Is a Loan That Can Be

question 77

Multiple Choice

Which of the following is a loan that can be used at the borrower's discretion and convenience and has flexible repayment options?

• A) Credit card.
• B) Promissory note.
• C) Amortized loan.
• D) Mortgage.

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Definitions:

Federal Court

A court system at the national level that has jurisdiction over legal disputes that involve federal laws, the constitution, or disputes between states or between the U.S. government and foreign governments.

Balance of Probabilities

A standard of proof in civil trials requiring that a case is more likely to be true than not, essentially over 50% likelihood.

Criminal Matter

A legal issue or case involving violations of public law and the commission of acts that are prohibited and punishable by the state.

Jury

A group of citizens selected according to law, who are sworn to inquire into matters of fact and deliver a verdict based on the evidence presented in a court trial.