Which of the Following Statements Regarding Single-Payment Loans Is True

question 59

Multiple Choice

Which of the following statements regarding single-payment loans is true?

• A) They are generally unsecured and do not have any collateral.
• B) They usually mature in 1 year or less.
• C) They are usually provided by retailers.
• D) They are generally used to finance auto purchases.
• E) They are provided by sales finance companies.

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Definitions:

Oocyte

A female germ cell involved in reproduction; an immature ovum (egg cell).

Sperm

The male reproductive cells or gametes involved in sexual reproduction, capable of fertilizing an ovum to produce offspring.

Fertilization

The process by which a sperm cell unites with an egg cell to form a zygote, initiating the development of a new organism.

Relaxin

A hormone produced by the placenta in the later months of pregnancy that increases flexibility in the ligaments and joints of the pelvic area. In men, relaxin is contained in semen, where it assists in sperm motility.