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

Question

Quizplus · Accepted Answer

Revolving credit is not a consumer loan, as it is an ongoing line of credit that does not have a fixed end date or repayment term. It is typically used for short-term or revolving expenses, such as credit cards or a line of credit. The other options (A, B, D, E) are all examples of consumer loans.

Which of the Following Is Not an Example of a Consumer