10
QuizMultiple Choice

Mortgages and Home Ownership

Question 10 • Personal Finance - EL3403

Which describes an example of using unsecured credit?

Answer
A
Someone buys new gutters for a home with a credit card.
B
Someone buys a new vehicle with a loan from a car dealer.
C
Someone buys a new home with a mortgage from a bank.
D
Someone buys a new boat with a loan from a boat dealer.