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CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY
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Question 3
3
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Multiple Choice
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Question 3 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY
Which statement is true of both mortgages and auto loans?
Answer
A
They are riskier than student loans for lenders.
B
They have higher interest rates than credit cards.
C
They do not require a minimum payment.
D
They are secured loans and generally require a down payment.
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