Jamelle borrowed $20,000 from a bank to purchase a car. This is an example of a - A. loan B. line of credit C. mortgage D. collateral

asked Nov 9, 2023 145k views

18 votes

Jamelle borrowed $20,000 from a bank to purchase a car. This is an example

of a
-
A. loan
B. line of credit
C. mortgage
D. collateral

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1 vote

Line of credit I think

Jaap Weijland answered Nov 10, 2023

4.6k points

3 votes

Answer:

A loan

Step-by-step explanation:

A loan is when you borrow money which is what Jamelle is doing here

Heathesh answered Nov 12, 2023

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