Business Studies

Common forms of installment credit include commercial mortgages and vehicle or equipment loans.


ANSWER

True


SOLUTION
An installment credit is a type of  credit that is repaid over time. Example: for hire purchase, installation credit is involved.Common forms of installment credit include commercial mortgages and vehicle or equipment loans- this is a true statement.
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TRUE/FALSE Medium Published on 18th 08, 2020
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