Long-term financial goals often depend on borrowing funds.The type of loan that does not fulfill the long-term goal achievement is ____ loans.
A) consumer
B) installment
C) automobile
D) mortgage
E) single payment

Question

Quizplus · Accepted Answer

Single payment loans are typically short-term loans that require repayment in one lump sum, making them unsuitable for achieving long-term financial goals.

Long-Term Financial Goals Often Depend on Borrowing Funds