Drag the tiles to the correct location on the table.

Match each loan type to its collateral requirement.

unsecured credit card
auto loan
student loan
secured credit card
mortgage loan

1 answer

Here’s how you can match each loan type to its collateral requirement:

  • Unsecured Credit Card: No collateral required
  • Auto Loan: Collateral required (the vehicle being financed)
  • Student Loan: No collateral required
  • Secured Credit Card: Collateral required (the deposit made)
  • Mortgage Loan: Collateral required (the property being financed)

You can arrange them as follows:

| Loan Type | Collateral Requirement | |------------------------|-------------------------------| | Unsecured Credit Card | No collateral required | | Auto Loan | Collateral required | | Student Loan | No collateral required | | Secured Credit Card | Collateral required | | Mortgage Loan | Collateral required |

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