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INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

Question 55

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-If the proceeds from the sale of your repossessed collateral are insufficient to pay the balance due on your loan,the lender usually [can | cannot] collect the deficiency from you.


A) for the first item
B) for the second item
C) if neither item will correctly complete the statement.

Correct Answer:

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