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fill in the blank question car loans are examples of loans. need help? …

Question

fill in the blank question
car loans are examples of
loans.
need help? review these concept resources.
read about the concept

Explanation:

Brief Explanations

Car loans are secured by the vehicle itself, meaning the lender can repossess the car if the borrower fails to repay. This classifies them as secured loans, where the loan is backed by collateral.

Answer:

secured