Which of the following is a characteristic of an installment loan?

there is an introductory period where no interest is accrued.
the item purchased is used as collateral until the balance is paid in full.
a down payment is always required.
it is commonly referred to as a “buy now, pay later” plan.

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number