How Credit Works Answers

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She used in the form of the property to back the loan.:collateral
Lindsay also paid money in advance. This is known as a(n) .:down payment
If Lindsay does not make her loan payments on time, the bank will most likely .:seize her home
2
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secured loan✔ unsecured loan

A
secured loan
B
✔ unsecured loan
3

✔ secured loanunsecured loan

A
✔ secured loan
B
unsecured loan
4

✔ seize her homelower the interestask for a down payment

A
✔ seize her home
B
lower the interest
C
ask for a down payment

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How Credit Works Answers — FL-2102310-Economics