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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 passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe types and characteristics of non-mortgage asset-backed securities, including the cash flows and risks of each type
CFA® 2025 Level I Curriculum, Volume 4, Module 18.