Answer: hums 202 Which of the following describes a consumer installment loan? A. A loan you get based on the tax refund that you expect to receive. B. A loan that is repaid in equal monthly payments for a specific period of time, usually several years. C. A loan where you have to promise to give the bank your assets if you do not repay the loan. D. A loan for consumer goods where you own the item(s) at the end of the payment period.
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