What term refers to credit accounts that have a fixed payment over a fixed period and require customers to make regular monthly payments at a set amount until they pay back the full amount of the loan?
(1 point)
Responses
installment accounts
installment accounts
revolving accounts
revolving accounts
social security accounts
social security accounts
investor accounts
1 answer
The term that refers to credit accounts with a fixed payment over a fixed period and regular monthly payments is "installment accounts".
1 answer