Answers FL-2102310-Economics 3.7 How Credit WorksQuestion 2

2

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3.7 How Credit Works

Question 2 • FL-2102310-Economics

How are mortgage and auto loans similar?

Answer

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.

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