AnswersOK-Personal Financial Literacy S1 – EDGNTY-83861 26-27How Credit WorksQuestion 3
3
QuizMultiple Choice

How Credit Works

Question 3 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27

What is collateral?

Answer
A
a type of unsecured credit
B
property given as security for a loan
C
funds borrowed to buy property
D
a payment to reduce overall debt
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