The term that best applies to a type of loan designed for personal use, traditionally used by individuals to purchase items such as cars, homes, or home appliances, is installment loan.
What term best applies to a type of loan designed for personal use that is traditionally used by individuals to purchase items such as cars, homes, or home appliances?
(1 point)
Responses
revolving loan
revolving loan
installment loan
installment loan
personal loan
personal loan
cash flow loan
cash flow loan
1 answer
1 answer