Which of the Following Is True of a Consumer Loan

question 3

Multiple Choice

Which of the following is true of a consumer loan?

• 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 to finance the purchase of goods that are far too expensive.

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Definitions:

Biological Events

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Adolescence

The period of psychological and physical transition between childhood and adulthood, characterized by rapid physical growth and psychological development.

Schizophrenia

A severe mental disorder characterized by distortions in thinking, perception, emotions, and behavior, often manifesting as hallucinations and delusions.

Obsessive-Compulsive Disorder (OCD)

A mental health disorder characterized by persistent unwanted thoughts (obsessions) and repetitive behaviors or mental acts (compulsions).