7
QuizMultiple Choice

Understanding College Savings — Unit test

Question 7 • SHS Lifetime Fitness - 2021

Which statement is true of both mortgages and auto loans?

Answer
A
They are riskier than student loans for lenders.
B
They do not require a minimum payment.
C
They are secured loans and generally require a down payment.
D
They have higher interest rates than credit cards.
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