Nekoneko Nekoneko

05-08-2015
Business

Answered

Which of the following is an example of a secured loan?

ACredit card debt
BMortgage
CBank overdraft
DLine of credit

Verified Answer :

05-08-2015

BMortgage

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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