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Lawrence got a car loan from a bank, with the car as collateral. What kind of loan did he get? A. a secured loan B. an unsecured loan C. a fixed-rate loan

Lawrence got a car loan from a bank, with the car as collateral. What kind of loan did he get? A. a secured loan B. an unsecured loan C. a fixed-rate loan
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4 votes
Lawrence got a car loan from a bank, with the car as collateral. What kind of loan did he get?

A. a secured loan
B. an unsecured loan
C. a fixed-rate loan

asked
User The Rookie
by
8.6k points

2 Answers

4 votes

Answer:A, a secured loan

Explanation:

answered
User Anagha
by
8.6k points
5 votes

The answer is A. A secured loan, hope this helps!

answered
User Danko
by
7.3k points
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