Nekoneko Nekoneko

05-08-2015
Business

contestada

Which of the following is an example of a secured loan?
A. Credit card debt
B. Mortgage
C. Bank overdraft
D. Line of credit

Respuesta :

05-08-2015

B. Mortgage Secured loans are protected by an asset of collateral of some sort. So the answer would be mortgage because the finance company will hold the deed until the loan is paid in full including interest.

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