Question

If a consumer makes monthly payments of $250 to pay off a car loan, what type of credit is she using?

(1 point)
Responses

non-revolving

non-revolving

revolving

revolving

short term

short term

unsecured






choose one above

Answer 1

The type of credit the consumer is using to make monthly payments of $250 to pay off a car loan is **non-revolving**.