Which of the following consumer loans has grown in popularity as a result of the passage of the Tax Reform Act of 1986?

Name: Which of the following consumer loans has grown in popularity as a result of the passage of the Tax Reform Act of 1986?
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Question

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The Tax Reform Act of 1986 eliminated tax deductions for most consumer loans, except for home equity loans. As a result, home equity loans grew in popularity as consumers saw them as a way to borrow money and still receive tax benefits.

Which of the Following Consumer Loans Has Grown in Popularity