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OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27
How Credit Works
Question 9
9
Quiz
Multiple Choice
How Credit Works
Question 9 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27
Clarissa and Carlos are homeowners who have decided to purchase a piece of land adjacent to their home. The land is for sale for $10,000.Which loan would require them to use their vehicle as collateral?
Answer
A
title loan
B
payday loan
C
merchant loan
D
peer-to-peer loan
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