Which of the Following Statements Is True Regarding Non-Installment Credit

question 121

Multiple Choice

Which of the following statements is true regarding non-installment credit?

• A) The borrower has a longer time to repay.
• B) Monthly payments of principal and interest must be paid.
• C) The borrower has an unlimited amount of credit.
• D) Credit is usually issued for 30 days or less.

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Definitions:

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