Refer to Fact Pattern 12-1. Each month Gena is supposed to pay a set amount of money to Fidelity in repayment of her loan. This may be described as what type of credit account?

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Gena's credit account is an installment account, as she is making regular payments of a set amount each month to repay her loan. An installment account involves borrowing a fixed amount of money and making specific payments over a set period of time until the debt is fully repaid.