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Question
Common forms of installment credit include commercial mortgages and vehicle or equipment loans.
Common forms of installment credit include commercial mortgages and vehicle or equipment loans.
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Solution
The correct option is A True
An installment credit is a type of credit that is repaid over time. Example: for hire purchase, installation credit is involved.Common forms of installment credit include commercial mortgages and vehicle or equipment loans- this is a true statement.
An installment credit is a type of credit that is repaid over time. Example: for hire purchase, installation credit is involved.Common forms of installment credit include commercial mortgages and vehicle or equipment loans- this is a true statement.
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