- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 18. Asset-Backed Security (ABS) Instrument and Market Features
- Subject 3. Non-Mortgage Asset-Backed Securities
CFA Practice Question
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
Correct Answer: C
A credit card receivable loan typically does not have a schedule of principal repayments.
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