5. Which of the following is typically considered an insta 1. A mortgage 2. A credit card 3. A personal I line of credit 4. A store credit card

The answer is **2. A credit card**.Here's why:* **Installment loans** are characterized by a fixed loan amount, a fixed repayment schedule with regular payments (usually monthly), and a set interest rate. Credit cards fit this description. You're given a credit limit (the loan amount), you're expected to make regular payments, and the interest rate is, while variable, set at any given time.Let's look at why the other options aren't typically considered installment loans:* **1. A mortgage:** While a mortgage *is* an installment loan, the question asks about what is *typically* considered an *insta* loan. This typo likely implies a shorter-term, smaller loan than a mortgage. Mortgages are long-term installment loans.* **3. A personal line of credit:** A personal line of credit is a *revolving* credit line, not an installment loan. You can borrow and repay repeatedly up to your credit limit. While you'll have minimum payments, the amount you borrow and the repayment timeline are more flexible than a standard installment loan.* **4. A store credit card:** Similar to a regular credit card, a store credit card *is* a type of installment loan. However, the question seems to be looking for the most common and representative example, which is a general-purpose credit card.