Which of the following is not an example of a consumer loan?
A)home mortgage
B)automobile loan
C)revolving credit
D)debt consolidation installment loan
E)demand loan

Question

Quizplus · Accepted Answer

Revolving credit is a type of credit that allows the borrower to continuously borrow up to a certain limit and make payments based on their balance. It is not considered a consumer loan because the borrower is not receiving a lump sum of money upfront like they would with a home mortgage, automobile loan, debt consolidation installment loan, or demand loan.

Which of the Following Is Not an Example of a Consumer