Answers OCPS -2102371-Personal Finance and Money Management Credit and LoansQuestion 8

8

QuizMultiple Choice

Credit and Loans

Question 8 • OCPS -2102371-Personal Finance and Money Management

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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