12
QuizMultiple Choice

Credit and Loans — Test

Question 12 • Personal Finance

When people take out a mortgage, they must pay back the money

Answer
A
as soon as they can.
B
when they are able.
C
over time, usually many years.
D
within a year.

Explanation

A mortgage is a loan used to buy a home, and borrowers repay it in regular payments over a long period. So the money is paid back over time, usually many years.

AI-written and checked against the verified answer.

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