In A(n) ____, the Debtor Makes a Minimum Monthly Payment

question 130

Multiple Choice

In a(n) ____, the debtor makes a minimum monthly payment and more debt can be added to the account over time.

• A) collections account
• B) installment account
• C) security account
• D) open account
• E) none of the other choices

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Definitions:

Single-Parent Families

Households headed by only one parent who takes on the role of both mother and father, raising their children alone.

African Americans

A term referring to citizens of the United States with partial or total ancestry from any of the black racial groups of Africa.

Latinos

Individuals from, or descended from, Latin American countries, often living in the United States or other parts of the world.

Divorce

The legal termination of a marriage by a court or other competent body, officially dissolving the marital relationship.