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    Personal Financial Planning Study Set 6
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    Exam 7: Using Consumer Loans
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    In Most Cases, Lenders Take the Physical Property Used as Collateral
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In Most Cases, Lenders Take the Physical Property Used as Collateral

Question 1

Question 1

True/False

In most cases, lenders take the physical property used as collateral from the borrower and liquidate the collateral until the loan is repaid in a lump sum.

Correct Answer:

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