Which of the following is an example of an intermediate-term loan?

Responses

Automobiles
Automobiles

Houses
Houses

Credit cards
Credit cards

IOUs

1 answer

An intermediate-term loan is typically one that has a maturity of one to ten years. Among the options provided, "Automobiles" would be the best example of an intermediate-term loan, as auto loans generally have terms that fit within this range.

So, the correct answer is: Automobiles.