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Which an installment loan is a

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Reference no: EM132709962

Problem 1: A personal cheque with guaranteed payment is called a

1. Traveler's cheque

2. Bank draft

3. Certified cheque

4. Money order

5. Cahier's cheque

Problem 2: An installment loan is a

1. Direct loan of money for personal purposes

2. Direct loan of money for home improvement

3. Loan that allows you to receive merchandise such as a refrigerator

4. Direct loan for vacation purposes

5. Synonym for a single lump-sum credit

Reference no: EM132709962

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