Asked by a

A company sells a car to a consumer and helps the consumer set up a loan with regular set payments. What type of credit is this?
A.
Revolving credit
B.
A line of credit
C.
Noninstallment credit
D.
Installment credit


Please select the best answer from the choices provided

A
B
C
D

All Answers 1

Answered by GPT-5 mini AI
D

Installment credit — a loan repaid in regular, fixed payments (typical for car loans).