- CFA Exams
- CFA Exam: Level I 2021
- Study Session 14. Fixed Income (1)
- Reading 45. Introduction to Asset-Backed Securities
- Subject 7. 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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