Priya borrows $9,000 for a car, repays $200 monthly for 48 months, and the account closes after the final payment. Is this installment or revolving credit?

Andre has a card with a $2,000 limit; after repaying part of the balance, he may borrow that amount again. Is this installment or revolving credit?

A furniture store finances a $1,200 sofa with 12 monthly payments of $100 and no further borrowing after payoff. What type of credit is it?

Lena uses a store charge account, pays down part of the balance, and then makes another purchase using the freed credit. What type of credit is this?

A clinic offers $2,400 in medical financing with fixed monthly payments for 24 months. Is the financing installment or revolving credit?

Marcos pays his credit card balance in full every month and never carries a balance. Is the card installment or revolving credit?

Nia borrows $900 and must make nine monthly payments of $105; the account ends after payment nine. What type of credit is this?

A homeowner may borrow, repay, and borrow again from a home equity line up to its approved limit. Is this installment or revolving credit?

A lender may repossess Devon's SUV if he stops paying the loan used to buy it. Is the loan secured or unsecured?

A bank lends Jada $3,000 based only on her promise and credit history, with no asset pledged. Is the loan secured or unsecured?

Omar pledges a certificate of deposit to obtain a loan, and the bank may claim it after default. Is the loan secured or unsecured?

A credit card issuer gives Mei a card without requiring her to pledge a car, home, or savings account. Is her card debt secured or unsecured?

If Harper stops paying her mortgage, the lender can foreclose on the house. Is the mortgage secured or unsecured?

A student loan agreement states that no vehicle, home, or savings account is pledged to the lender. Is this debt secured or unsecured?

At a pawnshop, Rafael leaves his guitar with the lender, who may sell it if he does not repay. Is this loan secured or unsecured?

Use the comparison figure. What belongs in the blank collateral cell for the credit card?

Use the comparison figure. What belongs in the blank term cell for the auto loan?

Use the comparison figure. What belongs in the blank collateral cell for the mortgage?

Use the comparison figure. What belongs in the blank collateral cell for the signature personal loan?

Use the comparison figure. What belongs in the blank term cell for the credit card?

Use the comparison figure. What belongs in the blank use cell for the mortgage?

Use the comparison figure. What belongs in the blank collateral cell for the home equity line of credit?

A payday lender charges $45 to borrow $300 for two weeks. If the loan is rolled over every two weeks for 26 periods, what do the fees total?

A $600 credit card balance carries an 18% APR. Assuming no new purchases or fees, how much interest accrues in one month at a monthly rate of 1.5%?

A borrower takes a $4,000 installment loan at 10% simple annual interest for one year. How much interest will the borrower pay?

A car buyer borrows $9,000 and makes 48 payments of $200. Excluding other fees, what is the finance charge?

A lender charges a $30 fee every two weeks on a $200 loan. If it is renewed for 26 two-week periods, what are the total fees?

A $1,000 revolving balance has a 12% APR, or 1% per month. With no new purchases, how much simple interest accrues over two months?

A mortgage principal is $120,000. The borrower makes 180 monthly payments of $800. Ignoring taxes, insurance, and other fees, what is the total finance charge?

A secured title loan gives Kim $500. She repays it with three payments of $190. What is Kim's cost of credit, excluding the principal?