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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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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 Sharen
by
7.3k points

2 Answers

6 votes

Answer:

A. a secured loan

Step-by-step explanation:

Now help me with my questions

answered
User Markie
by
7.7k points
4 votes
A. a secured loan.....
answered
User Nisson
by
8.2k points
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