Which of the Following Is True of Installment Loans

Multiple Choice

Which of the following is true of installment loans?

A) Installment loans require the principal to be repaid in a single payment.
B) Installment loans,like home equity loans,offer the benefit of tax deductibility on the interest paid on them.
C) Installment loans are secured using only second mortgages.
D) Installment loans are issued only by the federal government.
E) Installment loans are revolving credit lines from which consumers can borrow,repay,and reborrow.