A consumer loan meant to help people pay for a home in small installments over many years is a _____.A.mortgageB.line of creditC.student loanD.payday loan

A home mortgage that can be repaid over a 30-year period is an example of:A.a student loan.B.a line of credit.C.a long-term loan.D.a short-term loan.

Jessie's car broke down, and she needs to borrow money to pay for repairs. She wants to use her car as collateral for a short-term loan. This type of loan is called a _____.A.payday loanB.mortgageC.title loanD.line of credit

Which pair of phrases correctly matches the specific type of loan with the broader category it best fits?A.Credit card — Long-term loanB.Student loan — Short-term loanC.Mortgage — Long-term loanD.Line of credit — Alternative financing

Which type of lender offers very short-term loans using a piece of property you own as collateral?A.Credit unionB.Payday lenderC.BankD.Title lender

A financial institution that makes loans using a borrower's car as collateral is called a _____.A.credit unionB.payday lenderC.title pawn lenderD.retail bankSUBMITarrow_backPREVIOUS