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FL-2102310-Economics
How Credit Works
Question 8
8
Quiz
Multiple Choice
How Credit Works
Question 8 • FL-2102310-Economics
Which best describes secured credit?
Answer
A
It is backed by a valuable asset.
B
It carries no risk for the lender.
C
It can be easily obtained.
D
It limits a borrower’s debt.
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Which best describes secured credit?