Solved: How are mortgage and auto loans similar

By Ian Brian on May 6, 2023

Question:

How are mortgage and auto loans similar?

A. The loan is issued by the seller.

B. Money is given to the borrower monthly.

C. Interest rates are rarely charged.

D. The item purchased is used as collateral.

Answer:

D. The item purchased is used as collateral.

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Ian Brian

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