A Single-Payment Loan

question 87

Multiple Choice

A single-payment loan

• A)is generally unsecured by collateral.
• B)usually matures in one year or less.
• C)usually matures in five to seven years.
• D)is generally used to finance auto purchases.
• E)is provided by sales finance companies.

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Definitions:

ADLs

Activities of Daily Living; routine activities that people tend do every day without needing assistance, including eating, bathing, dressing, toileting, transferring (walking), and continence.

Proxy Reporting

The act of reporting information or making decisions on behalf of another person, especially in contexts where the subject cannot provide the information or make decisions themselves.

Instruments

Tools or devices designed for performing specific tasks, often used in scientific, medical, or musical contexts.

Spirituality

The quality of being concerned with the human spirit or soul as opposed to material or physical things.