Q9 -

The following are all characteristics of installment loans except:

Select one:

a. disbursement is usually in a lump sum

b. repayment is typically made in regular monthly or quarterly installment payments

c. the repayment source is typically salary or regular business income

d. they are typically secured by the item being purchased

e. the amount of the monthly payment is flexible (up to a certain minimum amount) and left up to the descretion of the borrower.

f. none of the above