An example of secured credit is a

A. payday loan.
B. credit card.
C. mortgage.
D. medical bill.

Answers

Answer 1

Answer:.

C. mortgage

Explanation:

Mortgage Secured loans are protected by an asset of collateral of some sort. So the answer would be mortgage because the finance company will hold the deed until the loan is paid in full including interest.

Answer 2

An example of secured credit from the options provided is mortgage.

What is secured credit?

Secured credit is a line of credit that is backed up by an asset. In the case that the borrower defaults, the asset used to back up the credit can be possessed by the lender.

On the other hand, unsecured credit is a line of credit that is not backed up by any asset. An example is a credit card.

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Related Questions

Airline travel and car rentals are complement goods. What happens first when
the price of airline travel increases?
A. The demand curve for car rentals shifts to the right.
B. The demand curve for car rentals shifts to the left.
C. The quantity of car rentals demanded goes down.
D. The quantity of car rentals demanded goes up.

Answers

Answer:

D. The quantity of car rentals demanded goes up.

Explanation:

Complimentary goods are products that are used together. If Airline travel and car rentals are complementary goods, it means the two products must be used together. Either of the products will not add much value to the customer if purchased alone.  

Complimentary products have a joint demand. An increase in demand for one good leads to an increase in demand for the other product. If the demand for Airline travel rises, the demand for car rentals also increases. A decrease in demand will have similar effects.

Some of the January transactions of City flights are listed below Jan 3 Paid $3,520 rent for hangar space during January. Jan 4 Placed advertising in local newspaper for publication during January. The agreed price of $860 was payable within 10 days after the end of the month. Jan 7 The business City Flights took a loan from the bank of amount $20,000.The loan has to be paid back to the bank as Accounts payable. Jan 15 O. Wright the owner withdrew $7,500 cash for personal use. Jan 16 Paid salaries to employees for services rendered in first half of January $13,200. Jan 25 Provided transportation for executives of the Hurley Corporation a long time credit customer. Sent bill for $ 470 due within 30 days. Jan 29 Received a bill from Western Oil Company for fuel used in January amounting to $4,360 and payable by February 10. Jan 31 Paid $3,372 to Steven Motors for repair and maintenance work during January.

Answers

Answer:

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Explanation:

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The form of business ownership that has the most difficulty in raising capital is the ....

Answers

Answer:

Corporations Most complicated form of business structure It is a legal entity (an individual) owned by individual stockholders they have limited liability.

A company that has a global vision

Answers

..........Toyota?????

Which of the following is a factor that is usually considered in a cost benefit
analysis?
A. Employee leasing
B. Reactive change
C. Shareholder recognition
D. Growth scenarios

Answers

Answer:

Growth scenarios

Explanation:

A P E X

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