2
AssignmentMultiple Dropdowns

How Credit Works

Question 2 • TX-Personal Financial Literacy and Economics

Complete the sentences using the drop-down menus to compare the different types of credits available to borrowers.

Answer
Examples of secured loans are and loans.:

auto

Examples of secured loans are and loans.:

mortgage

Personal loans can be borrowed from a bank or a financial institution, and loans are borrowed from individuals.:

peer-to-peer

Title and payday loans have interest rates while peer-to-peer loans typically have interest rates.:

higher

Title and payday loans have interest rates while peer-to-peer loans typically have interest rates.:

lower