Question

1. which of the following best defines a mortgage

A. its a type of unsecured debt
B. its a type of secured debt
C. it probably has a high interest rate
D. you can only get one through a bank

2.In the u.s, property taxes are usually assessed by the _________ government
A. international
B. state
C.federal
D. local

Answer 1

1. It is a type of secured debt, because it is tied to an asset
2. B. State