10
QuizMultiple Choice

Credit and Loans

Question 10 • Financial Literacy (WMHS) - Semester 1

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.