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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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28 votes
28 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

User Monte
by
2.4k points

2 Answers

8 votes
8 votes
Line of credit I think
User Marshalyn
by
2.6k points
9 votes
9 votes

Answer:

A loan

Step-by-step explanation:

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

User Chanaka Udaya
by
2.9k points
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