Single-payment,open-end,and service credit are lumped together under the category of
A) installment credit.
B) closed-end credit.
C) noninstallment credit.
D) revolving credit.
Correct Answer:
Verified
Q79: The only way to obtain a secured
Q80: All mandatory charges to be paid by
Q81: Noninstallment credit includes
A)single-payment loans.
B)open-end credit.
C)monthly-payment loans.
D)both single-payment
Q82: With declining-balance loans,there are no prepayment penalties.
Q83: The outstanding balance owed on a debt
Q85: Jason took his friend Jennifer out for
Q86: The declining-balance method of calculating interest results
Q87: Which of the following is not an
Q88: On an installment loan,the APR will always
Q89: A cash advance can be obtained by
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents