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Which of the following best describes a secured loan? A) A loan that does not require collateral and is based solely on the borrower's creditworthiness. B) A loan where the borrower provides collateral, such as property or a vehicle, which can be seized if the loan is not repaid. C) A short-term loan with a very high interest rate, typically used for emergency expenses. D) A loan that can be used for any purpose, including business investments and personal expenses.
Sagot :
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