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Basic Question 3 of 3
Which type of loans is non-amortizing?
B. Automobile loans
C. Credit card receivables
A. Traditional residential mortgage loans
B. Automobile loans
C. Credit card receivables
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe types and characteristics of non-mortgage asset-backed securities, including the cash flows and risks of each type
CFA® 2024 Level I Curriculum, Volume 4, Module 18.