Which of the Following Is NOT a Fixed-Payment Loan

question 77

Multiple Choice

Which of the following is NOT a fixed-payment loan?

• A) mortgage
• B) car loan
• C) student loan
• D) corporate bond

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Definitions:

Civil War

A conflict between citizens of the same country, often referring to the American Civil War from 1861 to 1865 between Northern states (Union) and Southern states (Confederacy) over issues including slavery and states' rights.

U.S. Government

The federal government of the United States, composed of three branches: executive, legislative, and judicial, established by the Constitution to govern the country.

Fair Contracts

are legally binding agreements that are made in good faith, characterized by equality, respect, and honesty between all parties involved.

Adequate Housing

Housing that satisfactorily meets basic living standards, including safety, affordability, and accessibility, as recognized by international human rights law.