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

A. Credit card debt B. Mortgage C. Bank overdraft D. Line of credit

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

A. Credit card debt B. Mortgage C. Bank overdraft D. Line of credit

Answer

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.

Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 24 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 96 views.

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