Question

Nafar wants to start her own business as a contract writer. To do this, she needs to build an office addition to her house.

Which type of credit is she most likely to use?


A) Installment credit
B) Secured credit card
C) Service credit
D) Unsecured credit card

Answer 1

Answer: Installment Credit

Step-by-step explanation:

Nafar can use the method of installment credit. The installment credit can be defined as the loan that is repaid over the time and there is a scheduled payment of fixed amount that has to be paid every month.

The term of loan can be as small as few months or it can be as long as 30 years.

The best mode that is suitable is installment credit that can be used to repay the loan in equal installments.

Hence, the correct answer is option A.

Answer 2

Installment credit is the type of credit among the choices given in the question that Nafar is most likely to use. The correct option all the options that are given in the question is the first option or option "A". I hope that this is the answer you were looking for and it has come to your help.