Drag the tiles to the correct location on the table.

Question

Match each loan type to its collateral requirement.

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

Answer 1

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 |