Which of the following is considered a secured loan?Personal loanStudent loanMortgage loanCredit card
Question
Solution 1
The mortgage loan is considered a secured loan. This is because the loan is secured against an asset, in this case, the property that the borrower is buying. If the borrower fails to repay the loan, the lender can take possession of the property to recover the loan amount. The other options - person Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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