12
QuizMultiple Select

Credit, Interest, and Debt

Question 12 • Fall 24 GSE Physical Science B IC

Which of the following are examples of unsecured lines of credit? Choose three correct answers.auto loanscredit cardsmortgagespersonal loansstudent loans

Answer
A
auto loans
B
credit cards
C
mortgages
D
personal loans
E
student loans

Explanation

Unsecured credit does not require collateral, such as a car or home, to back the debt. Credit cards, personal loans, and student loans are generally unsecured; auto loans are secured by the vehicle, and mortgages are secured by the home. Therefore, the correct choices are credit cards, personal loans, and student loans.

AI-written and checked against the verified answer.

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