Multiple Choice
The interest rate on a collateralized loan is relatively low, but one of the disadvantages of such loans is that
A) the loan must be repaid in a short period of time.
B) the assets used as collateral are tied up until the loan has been repaid.
C) the loan is difficult to obtain.
D) commercial banks do not make such loans.
E) you ruin your credit rating.
Correct Answer:
Verified
Correct Answer:
Verified
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