Answered

What is an example of a secured loan? Select the TWO (2) that apply.

A. mortgage (home loan)
B. student loans
C. automotive loan



Answer :

GinnyAnswer

Final answer:

Secured loans have collateral to minimize risks to lenders. Examples include mortgages and automotive loans.


Explanation:

Secured loans are loans that have collateral to minimize the lender's risk. An example of a secured loan is a mortgage (home loan) where the house serves as collateral. Another example is an automotive loan where the vehicle is pledged as collateral.


Learn more about Secured loans here:

https://brainly.com/question/17077155


Other Questions