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    Personal Finance Study Set 14
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    Exam 7: Student and Consumer Loans: the Role of Planned Borrowing
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    Defaulting on a Secured Loan May Lead to the Collateral
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Defaulting on a Secured Loan May Lead to the Collateral

Question 22

Question 22

True/False

Defaulting on a secured loan may lead to the collateral being repossessed.

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