Question: You know a loan is closed - end when the: A . Payment amount can vary from month to month B . Principal and finance

You know a loan is closed-end when the:
A. Payment amount can vary from month to month
B. Principal and finance charges must be paid within a fixed "term"
C. Outstanding balance of the loan goes down when the borrower draws on available loan funds and goes up when the borrower makes payments
D. I don't know.
You know a loan is closed - end when the: A .

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