AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 61 Topic 7 Discussion

AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 61 Topic 7 Discussion

CWM_LEVEL_2 Exam Topic 7 Question 61 Discussion:
Question #: 61
Topic #: 7

Section A (1 Mark)

Teena Dutta wants to buy a used car and wants a loan that she will pay off over the next three years with monthly payments. What type of loan does Teena want?


A.

Residential mortgage loan


B.

Installment loan


C.

No installment loan


D.

Revolving line of credit


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