Long-term financial goals often depend on borrowing funds.The type of loan that generally 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 and require repayment in full at the end of the loan term, making them unsuitable for long-term financial goals.

Long-Term Financial Goals Often Depend on Borrowing Funds