Which of the Following Statements Regarding a Consumer Loan Is

question 57

Multiple Choice

Which of the following statements regarding a consumer loan is true?

• A) A consumer loan is used chiefly to make repeated purchases of relatively low-cost goods and services.
• B) A consumer loan results from a rather informal process and involves no negotiated contracts.
• C) A consumer loan provides credit cards and checks to the consumers.
• D) A consumer loan provides revolving credit to the consumers.
• E) A consumer loan is used mainly to borrow money to pay for big-ticket items.

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