21
QuizMultiple Choice

Using Credit

Question 21 • 26-27 Ignite Technical Math-Financial Math - MA2007

Which of the following is not a kind of consumer credit?

Answer
A
installment credit
B
personal loans
C
service credit
D
marginal credit

Explanation

Installment credit, personal loans, and service credit are types of credit used by consumers to pay for purchases or services. Marginal credit is borrowing to buy securities in an investment account, rather than a kind of consumer credit. Therefore, marginal credit is the one that does not belong.

AI-written and checked against the verified answer.

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