Which of the Following Is NOT Characteristic of the Consumer

question 28

Multiple Choice

Which of the following is NOT characteristic of the consumer loans at U.S.banks?

• A)Non revolving consumer loans is the largest class of loans.
• B)Credit card loans often have default rates between four and eight percent.
• C)Usury ceilings affect the rate structure for consumer loans.
• D)Consumer loans differ widely with respect to collateral, rates, maturity, and noninterest fees.
• E)Revolving consumer loans include new and used automobile loans, mobile home loans, and fixed-term consumer loans.