Question

Drag the tiles to the correct boxes to complete the pairs. Match the credit types to the examples. Paying by credit card: House mortgage: Student loan: Tiles: Unsecured credit Installment credit Secured credit

Answer 1

Answer and Explanation:

The matching of the items are as follows

House mortgage = Secured credit

The mortgage of the house would be considered as a secured credit in which the person who takes a loan have to mortgage his property

Student loan = Unsecured credit

This could be considered as an unsecured credit

Paying by credit card = Installment credit

If the amount is paid by the credit card so it would be considered as an installment like emi

Answer 2

The match up are:

• House mortgage = Secured credit
• Paying by credit card = unsecured credit
• Student loan is installment credit

What is credit?

Credit is known to be the ability that a person has to borrow money or collect goods or services using a loan.

Note that  The match up are correct and as such:

• House mortgage = Secured credit
• Paying by credit card = unsecured credit
• Student loan is installment credit

Learn more about credit  from

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