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. If a bank told you that you had to put up collateral in order to receive a loan, what kind of loan would you be receiving? Trade credit Secured loan Unsecured loan Line of credit

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Answer:. Secured Loan.

Step-by-step explanation:

A secured loan uses collateral ( a piece of your property that has monetary value which can act as security to protect the lender from loss when you fail to repay back the loan. examples of such collateral are property document, Jewelries e.t.c. Home loans and car loans are two popular examples of where secured loan is been applied.

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