Kyle received a short-term loan that he will automatically repay with his next qualifying electronic deposit. This is an example of what type of loan?

Name: Kyle received a short-term loan that he will automatically repay with his next qualifying electronic deposit. This is an example of what type of loan?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Deposit advance loans are short-term loans that are automatically repaid with a future deposit into the borrower's account, matching the description given.

Kyle Received a Short-Term Loan That He Will Automatically Repay