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Patrick took a loan of $50,000 with a repayment period of five years from a bank to start his own business. Every month he has to pay the bank $900 to repay the loan. What type of credit is demonstrated in this scenario? A. unsecured credit B. secured credit C. revolving credit D. installment credit

User Kwong Ho
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Answer:

b

Step-by-step explanation:

User Kuokongqingyun
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Answer:

D. Installment Credit

User Damorin
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