Final answer:
The statement is true. In retail lending, a car title loan is an example of a loan that includes collateral, with the vehicle serving as security for the lender.
Step-by-step explanation:
True or False: A type of collateral included in retail lending is a car title loan. This statement is true. Collateral refers to something valuable, often property or equipment, that a lender would have the right to seize and sell if the buyer does not repay the loan. In the case of a car title loan, the vehicle itself serves as collateral. If the borrower fails to repay the loan according to the terms agreed upon, the lender can take possession of the car and sell it to recover the borrowed funds. Retail lending deals with loans to individuals rather than businesses, and car title loans are a common form of secured lending within this category.