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Consumer credit can take the form of an installment loan that is repaid in ____ payments over a ____ period of time. a. equal; set b. increasing; set c. decreasing; variable d. variable; variable

Respuesta :

angelacunagon

Answer:

d. variable; variable

Explanation:

Consumer credit its a type of loan offered by banks, retailers and other companies, so people can buy home appliances and things that are not so expensive immediately, and they can pay off later with interests.  A common example is credit cards, people can pay off the amount completely or they can pay the minimum per month and extend the debt with added interest per month.

dubeyshailja64

The blanks can be filled as: "Consumer credit can take the form of an installment loan that is repaid in variable payments over a variable period of time."

What is consumer credit?

Consumer credit refers to a loan offered by banks to its customers to purchase equipment that the customer desire to purchase but is out of his buying capacity.

These loans are repaid on a fixed period of time at a fixed rate but maybe repaid variably as per the terms.

Therefore the correct option is d.

Learn more about consumer credit here:

https://brainly.com/question/16119622

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