Answers2027 Ignite Financial Literacy-Personal Finance - EL3403Credit and LoansQuestion 10
10
QuizMultiple Choice

Credit and Loans

Question 10 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

Which statement is true of both mortgages and auto loans?

Answer
A
They are riskier than student loans for lenders.
B
They do not require a minimum payment.
C
They are secured loans and generally require a down payment.
D
They have higher interest rates than credit cards.
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