Mortgage payments and student loans are examples of... (1 point)

assets
credit
• collateral
• income

Which type of credit typically offers payment plans of up to 30 years or more?
(1 point)
• car loan
credit card
home mortgage
• personal loan

Which type of credit is used in place of money, allowing you to buy things now and pay for them later? (1 point)
credit card
bankruptcy
mortgage
• personal loan

Which type of credit would you most likely use if you wanted to pay for a large home renovation? (1 point)
car loan
• credit card
• personal loan
• student loan

1 answer

  1. Mortgage payments and student loans are examples of...
    credit

  2. Which type of credit typically offers payment plans of up to 30 years or more?
    home mortgage

  3. Which type of credit is used in place of money, allowing you to buy things now and pay for them later?
    credit card

  4. Which type of credit would you most likely use if you wanted to pay for a large home renovation?
    personal loan