2. Each of the following re presents an installme nt loan EXC EPT __ a. Home mortgage b. Auto loan c. Student loan d. Credit card

## Step 1An installment loan is a type of loan that is repaid over time with a set number of scheduled payments. This is different from a revolving credit, which is a type of credit that can be used repeatedly up to a certain limit as long as the account is open and payments are made on time.## Step 2Looking at the options provided, we can see that a home mortgage, auto loan, and student loan are all types of installment loans. These loans are typically repaid over a set period of time with a fixed number of payments.## Step 3On the other hand, a credit card is a type of revolving credit, not an installment loan. This is because a credit card allows you to borrow money up to a certain limit and repay it over time, which is different from an installment loan.