Anna and Ken go to their bank for a home equity line of credit. What collateral can they use to obtain a secured loan? They can use their ___ as collateral and use the money to ___. 1. a) Car b) Home c)

Anna and Ken go to their bank for a home equity line of credit. What collateral can they use to obtain a secured loan?

They can use their ___ as collateral and use the money to ___.

1.

a) Car

b) Home

c) boat

d) savings account

2.

a) buy groceries

b) purchase household appliances

c) pay for emergency medical services

d) buy furniture

2 Answers

Anna and Ken go to their bank for a home equity line of credit. What collateral can they use to obtain a secured loan? They can use their ___ as collateral and use the money to …

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