Characteristics and types of consumer loans Credit can be great to have. In some situations, having credit can even help you achieve some financial goals, but only as long as you . Consumer loans can be part of your credit management program.

Identify characteristics of a consumer loan in the following list. Check all that apply.

a. Used for a one-time transaction for a specific purpose.
b. Has no specified repayment plan except periodically due minimum payments.
c. Has a formal, negotiated contract.
d. Can be used repeatedly as long as it is not canceled.
e. Used primarily to buy low-cost goods and services on an ongoing basis.
f. Is informally arranged

$527.7.if the following was the question  $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?